IAMGOLD FY2026 EPS Estimate Cut by National Bank Financial

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial cut their FY2026 earnings per share estimates for shares of IAMGOLD in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings of $1.05 per share for the year, down from their prior estimate of $1.14. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.60 per share.

A number of other analysts also recently commented on IAG. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Raymond James dropped their target price on IAMGOLD from $6.50 to $6.00 and set an “underperform” rating on the stock in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a research note on Tuesday, October 22nd. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Price Performance

Shares of NYSE IAG opened at $5.34 on Thursday. The firm’s 50-day simple moving average is $5.39 and its 200 day simple moving average is $5.02. The stock has a market cap of $3.05 billion, a P/E ratio of 4.17 and a beta of 1.56. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. IAMGOLD has a fifty-two week low of $2.23 and a fifty-two week high of $6.37.

Hedge Funds Weigh In On IAMGOLD

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of IAMGOLD by 66.6% during the third quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company’s stock valued at $7,904,000 after purchasing an additional 604,259 shares during the last quarter. Virtu Financial LLC acquired a new stake in IAMGOLD during the 3rd quarter worth about $267,000. Toronto Dominion Bank lifted its stake in IAMGOLD by 15.6% during the third quarter. Toronto Dominion Bank now owns 274,377 shares of the mining company’s stock valued at $1,435,000 after buying an additional 37,005 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of IAMGOLD by 2.7% in the third quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock worth $1,392,000 after buying an additional 6,874 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of IAMGOLD in the third quarter worth approximately $1,083,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.