Cormark Brokers Raise Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark raised their Q4 2024 EPS estimates for shares of IAMGOLD in a note issued to investors on Monday, November 11th. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.21. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Cormark also issued estimates for IAMGOLD’s FY2025 earnings at $1.31 EPS.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus lifted their price target on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. National Bankshares lifted their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$7.29.

IAMGOLD Price Performance

IMG opened at C$7.01 on Wednesday. The stock has a fifty day moving average price of C$7.24 and a 200 day moving average price of C$6.19. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. IAMGOLD has a 1 year low of C$2.87 and a 1 year high of C$8.80. The stock has a market cap of C$4.00 billion, a price-to-earnings ratio of 21.91, a PEG ratio of -0.28 and a beta of 1.47.

Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Director Renaud Adams purchased 36,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Bruno Lemelin sold 14,000 shares of the business’s stock in a transaction 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. 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.