What is Scotiabank’s Forecast for IAMGOLD FY2025 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at Scotiabank upped their FY2025 earnings per share estimates for shares of IAMGOLD in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $0.64 per share for the year, up from their prior forecast of $0.47. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share. Scotiabank also issued estimates for IAMGOLD’s FY2026 earnings at $0.54 EPS.

Other equities research analysts also recently issued research reports about the company. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, StockNews.com cut shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.68.

IAMGOLD Price Performance

IAG stock opened at $5.67 on Monday. The firm has a 50 day moving average of $5.37 and a 200-day moving average of $4.99. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.24 billion, a P/E ratio of 4.43 and a beta of 1.56. IAMGOLD has a 12 month low of $2.23 and a 12 month high of $6.37.

Hedge Funds Weigh In On IAMGOLD

Several large investors have recently made changes to their positions in IAG. Van ECK Associates Corp raised its holdings in IAMGOLD by 8.8% in the 3rd quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after acquiring an additional 4,267,084 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of IAMGOLD by 58.8% in the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock worth $52,735,000 after purchasing an additional 3,732,315 shares in the last quarter. FMR LLC raised its stake in shares of IAMGOLD by 107.9% in the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after purchasing an additional 4,577,599 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of IAMGOLD by 194.2% during the second quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock valued at $29,573,000 after purchasing an additional 5,204,715 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of IAMGOLD by 28.6% during the second quarter. American Century Companies Inc. now owns 5,708,298 shares of the mining company’s stock valued at $21,423,000 after buying an additional 1,270,608 shares during the last quarter. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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.