National Bank Financial Forecasts IAMGOLD FY2025 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at National Bank Financial lifted their FY2025 earnings estimates for shares of IAMGOLD in a research report issued on Tuesday, December 17th. National Bank Financial analyst M. Parkin now anticipates that the mining company will earn $1.38 per share for the year, up from their previous estimate of $1.31. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

A number of other equities research analysts also recently commented on the stock. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada cut IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. National Bankshares raised their target price on IAMGOLD from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$8.43.

IAMGOLD Stock Down 0.1 %

IMG opened at C$7.35 on Thursday. The stock has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 22.97, a PEG ratio of -0.28 and a beta of 1.47. The firm has a 50 day moving average price of C$7.58 and a 200-day moving average price of C$6.56. IAMGOLD has a twelve month low of C$3.00 and a twelve month high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17.

Insiders Place Their Bets

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Renaud Adams purchased 36,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Company insiders own 0.10% of the company’s stock.

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.