FY2024 Earnings Estimate for IAMGOLD Issued By Cormark

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Cormark reduced their FY2024 earnings per share (EPS) estimates for shares of IAMGOLD in a report issued on Wednesday, January 15th. Cormark analyst R. Gray now anticipates that the mining company will earn $0.82 per share for the year, down from their previous forecast of $0.86. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Cormark also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.19 EPS, FY2025 earnings at $0.89 EPS and FY2026 earnings at $1.63 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, topping 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 period in the previous year, the company earned ($0.01) earnings per share.

Other equities research analysts have also issued research reports about the company. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. National Bankshares lowered their price objective on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, IAMGOLD currently has an average rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at C$8.28 on Monday. The company’s 50 day moving average price is C$7.66 and its two-hundred day moving average price is C$6.98. The firm has a market capitalization of C$4.72 billion, a P/E ratio of 25.88, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a fifty-two week low of C$3.06 and a fifty-two week high of C$8.80. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Renaud Adams acquired 36,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Corporate insiders own 0.10% of the company’s stock.

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.