Research Analysts Issue Forecasts for IAMGOLD Q4 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Cormark raised their Q4 2024 earnings estimates for IAMGOLD in a research report issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.21. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Cormark also issued estimates for IAMGOLD’s FY2025 earnings at $1.31 EPS.

IMG has been the subject of several other research reports. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Stifel Nicolaus raised their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Finally, National Bankshares raised their target price on IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$7.29.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at C$7.01 on Wednesday. The firm has a market cap of C$4.00 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1 year low of C$2.87 and a 1 year high of C$8.80. The firm’s 50-day simple moving average is C$7.24 and its 200-day simple moving average is C$6.19. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34.

Insider Activity at IAMGOLD

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Also, Director Renaud Adams bought 36,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is currently owned by 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.