Q2 2024 EPS Estimates for IAMGOLD Co. Raised by Analyst (TSE:IMG)

IAMGOLD Co. (TSE:IMGFree Report) (NYSE:IAG) – Equities research analysts at Raymond James boosted their Q2 2024 earnings estimates for shares of IAMGOLD in a research report issued on Thursday, May 23rd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.12 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for IAMGOLD’s current full-year earnings is $0.37 per share. Raymond James also issued estimates for IAMGOLD’s FY2024 earnings at $0.53 EPS and Q1 2025 earnings at $0.19 EPS.

IMG has been the topic of a number of other research reports. Canaccord Genuity Group increased their price objective on IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday, April 23rd. Stifel Nicolaus increased their price target on shares of IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Bank of America raised their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. National Bankshares upped their price objective on shares of IAMGOLD from C$6.50 to C$6.75 and gave the stock a “sector perform” rating in a report on Monday, May 13th. Finally, National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, IAMGOLD presently has an average rating of “Hold” and an average target price of C$5.03.

Check Out Our Latest Stock Report on IMG

IAMGOLD Stock Up 2.4 %

IMG opened at C$5.61 on Monday. The company has a market capitalization of C$2.79 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of -0.28 and a beta of 1.51. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.91 and a quick ratio of 1.19. IAMGOLD has a fifty-two week low of C$2.71 and a fifty-two week high of C$6.24. The business has a 50-day moving average of C$5.07 and a 200-day moving average of C$4.00.

IAMGOLD Company Profile

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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.

Further Reading

Earnings History and Estimates for IAMGOLD (TSE:IMG)

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