What is Stifel Canada’s Estimate for IAMGOLD Q3 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Stifel Canada issued their Q3 2024 earnings estimates for shares of IAMGOLD in a report released on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the mining company will earn $0.15 per share for the quarter. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Other analysts also recently issued reports about the stock. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Stifel Nicolaus increased their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday. National Bankshares increased their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Wednesday. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, IAMGOLD has a consensus rating of “Buy” and an average price target of C$6.91.

IAMGOLD Stock Down 2.6 %

TSE:IMG opened at C$8.22 on Wednesday. The firm’s 50-day moving average price is C$7.02 and its 200-day moving average price is C$5.92. The company has a market capitalization of C$4.69 billion, a PE ratio of 25.69, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. IAMGOLD has a 1-year low of C$2.87 and a 1-year high of C$8.80.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The company had revenue of C$527.18 million during the quarter.

Insiders Place Their Bets

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is owned by company insiders.

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.