National Bank Financial Forecasts IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of IAMGOLD in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the mining company will earn $0.82 per share for the year, up from their prior estimate of $0.79. The consensus estimate for IAMGOLD’s current full-year earnings is $0.57 per share.

Several other analysts also recently weighed in on IAG. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating and increased their target price for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.57.

IAMGOLD Price Performance

Shares of NYSE:IAG opened at $6.54 on Thursday. The business has a 50 day moving average price of $5.66 and a 200 day moving average price of $5.30. IAMGOLD has a twelve month low of $2.35 and a twelve month high of $6.69. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 5.11 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Institutional Trading of IAMGOLD

Several institutional investors have recently modified their holdings of IAG. ORG Partners LLC acquired a new stake in shares of IAMGOLD during the 3rd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC boosted its stake in IAMGOLD by 1,973.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,012,000 shares of the mining company’s stock valued at $5,311,000 after buying an additional 963,200 shares in the last quarter. U S Global Investors Inc. boosted its stake in IAMGOLD by 241.6% in the 3rd quarter. U S Global Investors Inc. now owns 854,114 shares of the mining company’s stock valued at $4,467,000 after buying an additional 604,114 shares in the last quarter. Eastern Bank acquired a new stake in IAMGOLD in the 3rd quarter valued at $30,000. Finally, International Assets Investment Management LLC acquired a new stake in IAMGOLD in the 3rd quarter valued at $700,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

About IAMGOLD

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.