Scotiabank Has Pessimistic View of IAMGOLD FY2026 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Scotiabank decreased their FY2026 earnings estimates for IAMGOLD in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $0.61 per share for the year, down from their previous forecast of $0.78. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Several other research analysts also recently weighed in on IMG. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares upped their price objective on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, IAMGOLD presently has a consensus rating of “Buy” and an average price target of C$8.68.

IAMGOLD Stock Performance

TSE IMG opened at C$8.51 on Monday. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The stock has a market cap of C$3.46 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a fifty-two week low of C$4.07 and a fifty-two week high of C$9.68. The business has a fifty day moving average of C$8.51 and a 200-day moving average of C$7.81.

Insider Activity

In other news, Senior Officer Bruno Lemelin sold 15,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Christiane Bergevin bought 5,000 shares of IAMGOLD stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of C$8.29 per share, for a total transaction of C$41,450.00. Insiders purchased a total of 45,800 shares of company stock valued at $370,999 in the last 90 days. 0.10% of the stock is currently owned by insiders.

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.