IAMGOLD FY2024 EPS Cut by National Bank Financial

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued on Tuesday, January 14th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings per share of $0.82 for the year, down from their prior estimate of $0.92. 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. National Bank Financial also issued estimates for IAMGOLD’s FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.51 EPS.

A number of other research analysts also recently weighed in on IMG. Stifel Nicolaus raised their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. National Bankshares dropped their target price on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$8.30.

IAMGOLD Price Performance

TSE IMG opened at C$7.84 on Friday. The firm’s 50 day moving average is C$7.63 and its 200-day moving average is C$6.90. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The company has a market capitalization of C$4.47 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12-month low of C$3.00 and a 12-month high of C$8.80.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams purchased 36,000 shares of the company’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, for a total transaction of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. 0.10% of the stock is currently owned by company 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.