National Bank Financial Forecasts IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Research analysts at National Bank Financial increased their FY2025 earnings per share estimates for shares of IAMGOLD in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings of $0.82 per share for the year, up from their previous forecast of $0.79. The consensus estimate for IAMGOLD’s current full-year earnings is $0.57 per share.

Several other equities analysts also recently issued reports on the company. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.00 price objective on shares of IAMGOLD in a research report on Tuesday, October 22nd. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. 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 MarketBeat, IAMGOLD has an average rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Trading Down 1.1 %

Shares of IAG opened at $6.54 on Thursday. The stock has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $5.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD has a 52-week low of $2.35 and a 52-week high of $6.69. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 5.11 and a beta of 1.56.

Institutional Investors Weigh In On IAMGOLD

Institutional investors and hedge funds have recently made changes to their positions in the company. Tobam bought a new stake in shares of IAMGOLD during the fourth quarter worth $25,000. ORG Partners LLC bought a new stake in IAMGOLD in the third quarter valued at about $29,000. Eastern Bank bought a new stake in IAMGOLD in the third quarter valued at about $30,000. Blue Trust Inc. increased its holdings in IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after purchasing an additional 5,511 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC bought a new stake in IAMGOLD in the fourth quarter valued at about $56,000. Institutional investors own 47.08% of the company’s stock.

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.