Raymond James Analysts Lift Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Raymond James boosted their Q4 2024 EPS estimates for shares of IAMGOLD in a note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.26 for the quarter, up from their prior estimate of $0.22. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at $1.14 EPS.

A number of other equities research analysts have also recently issued reports on IMG. Stifel Nicolaus upped their target price on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares lowered their price target on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Stock Performance

IMG opened at C$8.09 on Friday. The stock has a 50-day moving average of C$7.65 and a 200-day moving average of C$6.94. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. IAMGOLD has a 52-week low of C$3.00 and a 52-week high of C$8.80. The company has a market cap of C$4.61 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

Insider Transactions at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. Also, Director Renaud Adams bought 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. 0.10% of the stock is currently owned by corporate insiders.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.