FY2025 EPS Estimates for IAMGOLD Raised by Analyst

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities researchers at National Bank Financial lifted their FY2025 EPS estimates for IAMGOLD in a research note issued to investors on Tuesday, December 17th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings per share of $0.97 for the year, up from their previous estimate of $0.94. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share.

Other research analysts also recently issued research reports about the company. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating and upped their target price 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 set a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.68.

IAMGOLD Price Performance

IAMGOLD stock opened at $5.20 on Thursday. The stock’s fifty day moving average price is $5.45 and its two-hundred day moving average price is $4.80. The firm has a market cap of $2.97 billion, a PE ratio of 4.06 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD has a one year low of $2.23 and a one year high of $6.37.

Hedge Funds Weigh In On IAMGOLD

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in IAMGOLD in the third quarter valued at $29,000. Eastern Bank bought a new position in shares of IAMGOLD during the third quarter worth about $30,000. Aigen Investment Management LP lifted its stake in shares of IAMGOLD by 10.6% in the third quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after acquiring an additional 6,704 shares during the period. Geode Capital Management LLC boosted its holdings in IAMGOLD by 2.7% in the third quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock valued at $1,392,000 after acquiring an additional 6,874 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings 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 purchasing an additional 8,972 shares during the last quarter. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.