FY2026 Earnings Forecast for IAMGOLD Issued By Scotiabank

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Scotiabank cut their FY2026 earnings estimates for IAMGOLD in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $0.61 per share for the year, down from their prior estimate of $0.78. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Several other analysts also recently weighed in on IMG. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, National Bankshares increased their target price on IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$8.68.

IAMGOLD Price Performance

IMG opened at C$8.51 on Monday. IAMGOLD has a twelve month low of C$4.07 and a twelve month high of C$9.68. The firm has a market cap of C$3.46 billion, a price-to-earnings ratio of 4.42, a PEG ratio of -0.28 and a beta of 1.47. 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 company has a fifty day simple moving average of C$8.51 and a 200 day simple moving average of C$7.81.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Christiane Bergevin purchased 5,000 shares of IAMGOLD stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of C$8.29 per share, for a total transaction of C$41,450.00. Also, Director Lawrence Peter O’hagan acquired 4,800 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of C$8.11 per share, with a total value of C$38,918.88. Insiders bought a total of 45,800 shares of company stock valued at $370,999 over the last three months. 0.10% of the stock is owned by 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.