What is Cormark’s Estimate for IAMGOLD Q4 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Cormark upped their Q4 2024 earnings estimates for shares of IAMGOLD in a note issued to investors on Thursday, October 17th. Cormark analyst R. Gray now expects that the mining company will earn $0.15 per share for the quarter, up from their previous estimate of $0.14. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Other equities research analysts have also recently issued reports about the stock. National Bankshares upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$8.50 to C$11.00 in a research note on Thursday, October 10th. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Stifel Nicolaus raised their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday. Finally, Canaccord Genuity Group upped their target price on IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$6.74.

IAMGOLD Trading Up 3.5 %

Shares of IMG stock opened at C$8.52 on Monday. IAMGOLD has a 1 year low of C$2.87 and a 1 year high of C$8.67. The firm has a market capitalization of C$4.86 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The stock has a fifty day moving average of C$6.90 and a two-hundred day moving average of C$5.87. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. The business had revenue of C$527.18 million during the quarter.

Insider Transactions at IAMGOLD

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Corporate insiders own 0.10% 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.