What is Stifel Canada’s Forecast for IAMGOLD Q4 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stifel Canada dropped their Q4 2024 earnings per share (EPS) estimates for IAMGOLD in a research report issued to clients and investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will earn $0.16 per share for the quarter, down from their previous forecast of $0.20. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share.

Several other research firms have also issued reports on IAG. CIBC upgraded shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and increased their price objective for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Trading Up 1.5 %

NYSE:IAG opened at $6.47 on Thursday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 5.05 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD has a one year low of $2.32 and a one year high of $6.64. The company’s 50-day simple moving average is $5.55 and its 200 day simple moving average is $5.21.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its earnings results on Thursday, November 7th. The mining company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. The firm had revenue of $438.90 million for the quarter. During the same period in the prior year, the company earned ($0.01) earnings per share.

Institutional Trading of IAMGOLD

A number of large investors have recently made changes to their positions in the stock. Tobam bought a new stake in shares of IAMGOLD during the 4th quarter valued at about $25,000. ORG Partners LLC purchased a new position in shares of IAMGOLD in the third quarter worth approximately $29,000. Eastern Bank bought a new stake in IAMGOLD during the third quarter valued at approximately $30,000. Blue Trust Inc. increased its holdings in IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after buying an additional 5,511 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC bought a new position in IAMGOLD in the fourth quarter worth approximately $56,000. 47.08% of the stock is currently owned by institutional investors.

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.