FY2024 Earnings Estimate for IAMGOLD Issued By Stifel Canada

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Research analysts at Stifel Canada decreased their FY2024 EPS estimates for shares of IAMGOLD in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will post earnings of $0.60 per share for the year, down from their prior estimate of $0.64. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share. Stifel Canada also issued estimates for IAMGOLD’s FY2025 earnings at $0.79 EPS and FY2026 earnings at $0.97 EPS.

A number of other brokerages have also issued reports on IAG. StockNews.com raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Thursday. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.00 price target on shares of IAMGOLD in a research note on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Stock Down 0.4 %

Shares of IAG opened at $6.46 on Friday. The business’s 50 day moving average is $5.57 and its 200 day moving average is $5.22. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD has a 12-month low of $2.32 and a 12-month high of $6.64. The company has a market capitalization of $3.69 billion, a PE ratio of 5.04 and a beta of 1.56.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. IAMGOLD had a return on equity of 10.01% and a net margin of 49.56%. The business had revenue of $438.90 million for the quarter. During the same quarter in the previous year, the firm earned ($0.01) earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IAG. Raymond James Financial Inc. bought a new stake in shares of IAMGOLD in the 4th quarter valued at approximately $107,000. Aigen Investment Management LP raised its holdings in IAMGOLD by 25.8% during the 4th quarter. Aigen Investment Management LP now owns 88,341 shares of the mining company’s stock valued at $456,000 after buying an additional 18,097 shares during the period. DJE Kapital AG bought a new stake in IAMGOLD in the fourth quarter worth $1,419,000. Bank of New York Mellon Corp boosted its stake in IAMGOLD by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock worth $181,000 after buying an additional 3,961 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in IAMGOLD during the fourth quarter valued at $174,000. Hedge funds and other institutional investors own 47.08% 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.