IAMGOLD Co. (TSE:IMG) Expected to Post Q1 2024 Earnings of $0.00 Per Share

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Cormark upped their Q1 2024 earnings estimates for IAMGOLD in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the mining company will earn $0.00 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for IAMGOLD’s current full-year earnings is $0.07 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The business had revenue of C$405.19 million during the quarter.

Several other equities research analysts also recently weighed in on the stock. National Bankshares increased their target price on shares of IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their price objective on IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday. Bank of America lifted their price objective on IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Stifel Nicolaus lifted their price objective on IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. Finally, National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$4.99.

IAMGOLD Price Performance

Shares of IMG opened at C$4.95 on Tuesday. IAMGOLD has a fifty-two week low of C$2.71 and a fifty-two week high of C$5.38. The company has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. The firm has a 50-day simple moving average of C$4.30 and a 200-day simple moving average of C$3.65. The company has a debt-to-equity ratio of 42.05, a quick ratio of 1.19 and a current ratio of 1.20.

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.