Cormark Has Pessimistic Outlook of IAMGOLD Q1 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Cormark decreased their Q1 2025 EPS estimates for IAMGOLD in a report released on Wednesday, February 26th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Other analysts have also issued reports about the stock. 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 stock 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 assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$8.68.

IAMGOLD Stock Up 1.3 %

Shares of IMG opened at C$7.97 on Thursday. The firm has a market capitalization of C$3.24 billion, a P/E ratio of 4.14, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12-month low of C$3.49 and a 12-month high of C$9.68. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The firm has a fifty day moving average price of C$8.34 and a 200-day moving average price of C$7.63.

Insiders Place Their Bets

In other news, Director Renaud Adams bought 35,000 shares of IAMGOLD stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of C$8.08 per share, for a total transaction of C$282,660.00. Also, Director Lawrence Peter O’hagan bought 4,800 shares of IAMGOLD stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of C$8.11 per share, with a total value of C$38,918.88. Over the last ninety days, insiders bought 40,800 shares of company stock worth $329,549. 0.10% of the stock is owned by corporate insiders.

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.