Scotiabank Has Bearish Forecast for IAMGOLD FY2026 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities researchers at Scotiabank lowered their FY2026 earnings estimates for shares of IAMGOLD in a report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $0.43 per share for the year, down from their previous forecast of $0.54. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The company had revenue of $469.90 million during the quarter, compared to analysts’ expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.

A number of other brokerages also recently weighed in on IAG. StockNews.com downgraded IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. CIBC boosted their target price on IAMGOLD from $7.60 to $8.40 and gave the stock an “outperformer” rating in a research note on Thursday, March 20th. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.90.

IAMGOLD Price Performance

IAG opened at $5.95 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $5.93 and its 200-day simple moving average is $5.55. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 4.10 and a beta of 1.63. IAMGOLD has a 12-month low of $3.01 and a 12-month high of $6.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IAG. Franklin Resources Inc. boosted its stake in IAMGOLD by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company’s stock valued at $187,000 after acquiring an additional 1,836 shares in the last quarter. CIBC Asset Management Inc raised its position in IAMGOLD by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company’s stock worth $3,615,000 after buying an additional 2,848 shares during the last quarter. Bank of New York Mellon Corp increased its position in IAMGOLD by 12.7% during the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock worth $181,000 after purchasing an additional 3,961 shares during the period. Northwest & Ethical Investments L.P. raised its position in IAMGOLD by 4.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock worth $473,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its stake in shares of IAMGOLD by 4.2% in the fourth quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company’s stock valued at $561,000 after purchasing an additional 4,399 shares during the period. 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.