Stifel Canada Has Negative Estimate for IAMGOLD Q4 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Stifel Canada reduced their Q4 2024 earnings per share (EPS) estimates for IAMGOLD in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the mining company will earn $0.23 per share for the quarter, down from their previous forecast of $0.28. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Stifel Canada also issued estimates for IAMGOLD’s FY2026 earnings at $1.41 EPS.

A number of other brokerages also recently issued reports on IMG. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. National Bankshares reduced their price objective on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Finally, Stifel Nicolaus lifted their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$8.30.

IAMGOLD Stock Performance

Shares of IMG stock opened at C$9.24 on Thursday. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm has a 50-day moving average of C$7.97 and a 200-day moving average of C$7.24. IAMGOLD has a one year low of C$3.15 and a one year high of C$9.68. The company has a market cap of C$5.27 billion, a P/E ratio of 28.88, a P/E/G ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same quarter in the previous year, the firm posted ($0.01) EPS.

Insider Activity at IAMGOLD

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Renaud Adams acquired 36,000 shares of IAMGOLD stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$6.95 per share, with a total value 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.