Analysts Issue Forecasts for IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Research analysts at National Bank Financial raised their FY2025 earnings per share estimates for IAMGOLD in a research report issued to clients and investors on Tuesday, December 17th. National Bank Financial analyst M. Parkin now expects that the mining company will earn $0.97 per share for the year, up from their prior forecast of $0.94. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating and lifted their target price for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price objective on shares of IAMGOLD in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, IAMGOLD currently has an average rating of “Moderate Buy” and a consensus target price of $6.68.

IAMGOLD Trading Up 0.2 %

NYSE:IAG opened at $5.09 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD has a one year low of $2.23 and a one year high of $6.37. The company has a market cap of $2.91 billion, a PE ratio of 3.98 and a beta of 1.56. The firm has a 50-day moving average of $5.44 and a 200-day moving average of $4.79.

Institutional Investors Weigh In On IAMGOLD

Hedge funds have recently bought and sold shares of the stock. ORG Partners LLC bought a new position in IAMGOLD during the third quarter valued at approximately $29,000. Eastern Bank purchased a new stake in shares of IAMGOLD during the third quarter valued at approximately $30,000. TIAA Trust National Association bought a new position in shares of IAMGOLD in the second quarter worth approximately $38,000. International Assets Investment Management LLC bought a new stake in IAMGOLD during the 3rd quarter valued at $700,000. Finally, WINTON GROUP Ltd purchased a new stake in IAMGOLD during the 2nd quarter valued at $52,000. 47.08% of the stock is currently owned by institutional investors.

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.