What is Raymond James’ Estimate for IAMGOLD FY2024 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of IAMGOLD in a report released on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.88 for the year, down from their previous forecast of $0.91. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.23 EPS and Q2 2025 earnings at $0.28 EPS.

IMG has been the topic of several other reports. Stifel Nicolaus increased their price objective on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. National Bankshares reduced their price target on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and an average target price of C$8.30.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at C$9.27 on Thursday. 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 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 business’s 50-day moving average price is C$7.94 and its 200-day moving average price is C$7.22. IAMGOLD has a 12 month low of C$3.15 and a 12 month high of C$9.68.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same quarter last year, the firm posted ($0.01) EPS.

Insiders Place Their Bets

In other news, Director Renaud Adams bought 36,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction that occurred 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. Company insiders own 0.10% of the company’s stock.

About IAMGOLD

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.