FY2026 Earnings Forecast for IAMGOLD Issued By Cormark

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at Cormark issued their FY2026 EPS estimates for IAMGOLD in a report issued on Monday, November 11th. Cormark analyst R. Gray anticipates that the mining company will earn $1.37 per share for the year. The consensus estimate for IAMGOLD’s current full-year earnings is $0.56 per share.

IAG has been the subject of a number of other research reports. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. National Bank Financial raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Finally, Scotiabank increased their target price on IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has a consensus rating of “Moderate Buy” and a consensus target price of $6.68.

IAMGOLD Price Performance

NYSE:IAG opened at $4.94 on Thursday. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 3.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a fifty day moving average of $5.29 and a 200 day moving average of $4.54. IAMGOLD has a 52-week low of $2.11 and a 52-week high of $6.37.

Institutional Investors Weigh In On IAMGOLD

A number of institutional investors have recently made changes to their positions in the business. ORG Partners LLC purchased a new position in IAMGOLD in the 3rd quarter worth $29,000. Eastern Bank bought a new stake in shares of IAMGOLD in the 3rd quarter valued at about $30,000. Aigen Investment Management LP lifted its stake in shares of IAMGOLD by 10.6% in the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock valued at $368,000 after acquiring an additional 6,704 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in IAMGOLD by 3.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock worth $1,154,000 after acquiring an additional 8,972 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in IAMGOLD by 92.9% in the 2nd quarter. Continuum Advisory LLC now owns 20,450 shares of the mining company’s stock worth $77,000 after purchasing an additional 9,850 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.