Q1 2024 EPS Estimates for IAMGOLD Co. Raised by Cormark (TSE:IMG)

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark increased their Q1 2024 earnings per share estimates for shares of IAMGOLD in a report released on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.00 for the quarter, up from their prior forecast of ($0.01). The consensus estimate for IAMGOLD’s current full-year earnings is $0.07 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. The firm had revenue of C$405.19 million for the quarter. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%.

IMG has been the topic of a number of other reports. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. National Bankshares lifted their target price on IAMGOLD from C$6.25 to C$6.50 in a research report on Friday. Stifel Nicolaus lifted their target price on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday. Finally, Bank of America lifted their target price on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, IAMGOLD presently has a consensus rating of “Hold” and a consensus target price of C$4.92.

IAMGOLD Stock Performance

IMG stock opened at C$4.79 on Tuesday. The company has a market cap of C$2.38 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. IAMGOLD has a 1 year low of C$2.71 and a 1 year high of C$5.38. The company has a debt-to-equity ratio of 42.05, a current ratio of 1.20 and a quick ratio of 1.19. The stock’s fifty day moving average price is C$4.23 and its 200-day moving average price is C$3.62.

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.