Scotiabank Has Bearish Forecast for IAMGOLD FY2026 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Analysts at Scotiabank reduced their FY2026 EPS estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $0.43 per share for the year, down from their prior forecast of $0.54. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

Several other equities analysts have also recently commented on the stock. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. StockNews.com lowered IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. CIBC raised their price objective on shares of IAMGOLD from $7.60 to $8.40 and gave the company an “outperformer” rating in a research report on Thursday, March 20th. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.90.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at $5.95 on Monday. The business has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $5.55. The stock has a market cap of $3.40 billion, a PE ratio of 4.10 and a beta of 1.63. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. IAMGOLD has a 12 month low of $3.01 and a 12 month high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.

Institutional Trading of IAMGOLD

Institutional investors have recently modified their holdings of the company. Tobam acquired a new stake in IAMGOLD during the fourth quarter worth $25,000. Blue Trust Inc. boosted its holdings in IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after purchasing an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC bought a new stake in shares of IAMGOLD in the 4th quarter valued at approximately $56,000. Atria Wealth Solutions Inc. bought a new position in shares of IAMGOLD during the 4th quarter worth approximately $68,000. Finally, Choreo LLC bought a new position in shares of IAMGOLD during the fourth quarter valued at $88,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

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.