Research Analysts Issue Forecasts for IAMGOLD Q3 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at National Bank Financial issued their Q3 2024 EPS estimates for shares of IAMGOLD in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the mining company will earn $0.18 per share for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The business had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%.

Several other research firms also recently commented on IMG. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday. National Bankshares upped their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday. Finally, Royal Bank of Canada downgraded IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$6.91.

IAMGOLD Stock Down 2.6 %

Shares of TSE IMG opened at C$8.22 on Thursday. The business’s fifty day moving average price is C$7.02 and its 200-day moving average price is C$5.92. IAMGOLD has a one year low of C$2.87 and a one year high of C$8.80. The stock has a market capitalization of C$4.69 billion, a PE ratio of 25.69, a P/E/G ratio of -0.28 and a beta of 1.47. 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 news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. 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.