Stifel Canada Has Pessimistic View of IAMGOLD Q4 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Stifel Canada lowered their Q4 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued to clients and investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the mining company will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.28. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Stifel Canada also issued estimates for IAMGOLD’s FY2026 earnings at $1.41 EPS.

A number of other equities analysts have also recently weighed in on the stock. National Bankshares decreased their price objective on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average price target of C$8.30.

IAMGOLD Price Performance

Shares of IMG stock opened at C$9.27 on Thursday. IAMGOLD has a twelve month low of C$3.15 and a twelve month high of C$9.68. The company has a market capitalization of C$5.29 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The firm has a fifty day simple moving average of C$7.94 and a 200-day simple moving average of C$7.22.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned ($0.01) EPS.

Insiders Place Their Bets

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was 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.