FY2024 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Raymond James dropped their FY2024 EPS estimates for IAMGOLD in a report released on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.88 per share for the year, down from their prior forecast of $0.91. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.23 EPS and Q2 2025 earnings at $0.28 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period in the prior year, the firm earned ($0.01) EPS.

Other analysts have also recently issued reports about the stock. National Bankshares decreased their target price on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus increased their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, IAMGOLD currently has a consensus rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Stock Down 0.3 %

Shares of IMG opened at C$9.24 on Thursday. The business’s 50 day simple moving average is C$7.97 and its 200-day simple moving average is C$7.24. IAMGOLD has a 1 year low of C$3.15 and a 1 year high of C$9.68. The stock has a market capitalization of C$5.27 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth 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.

Insider Activity at IAMGOLD

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction on 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 bought 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is owned by 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.