National Bank Financial Forecasts IAMGOLD FY2024 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at National Bank Financial cut their FY2024 earnings per share estimates for IAMGOLD in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings per share of $0.80 for the year, down from their previous forecast of $0.82. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. National Bank Financial also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.17 EPS.

Other analysts have also recently issued reports about the stock. National Bankshares increased their price objective on shares of IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus lifted their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, IAMGOLD currently has an average rating of “Buy” and an average target price of C$8.68.

IAMGOLD Trading Down 1.2 %

IAMGOLD stock opened at C$9.12 on Wednesday. IAMGOLD has a 12-month low of C$3.15 and a 12-month high of C$9.68. The firm has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of -0.28 and a beta of 1.47. The firm has a 50 day moving average of C$8.07 and a 200 day moving average of C$7.33. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Insider Activity at IAMGOLD

In other IAMGOLD news, Senior Officer Stephen Eddy sold 16,100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. 0.10% of the stock is owned by corporate 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.