Analysts Issue Forecasts for IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Analysts at National Bank Financial increased their FY2025 earnings per share estimates for IAMGOLD in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings of $0.82 per share for the year, up from their previous estimate of $0.79. The consensus estimate for IAMGOLD’s current full-year earnings is $0.57 per share.

Other equities research analysts have also recently issued reports about the stock. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 price objective on shares of IAMGOLD in a research note on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Stock Up 3.4 %

IAMGOLD stock opened at $6.60 on Thursday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 5.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD has a fifty-two week low of $2.32 and a fifty-two week high of $6.69. The stock’s fifty day moving average is $5.65 and its two-hundred day moving average is $5.30.

Institutional Trading of IAMGOLD

Several hedge funds and other institutional investors have recently bought and sold shares of IAG. RCF Management L.L.C. purchased a new position in shares of IAMGOLD during the 4th quarter worth $128,174,000. FMR LLC lifted its position in IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after buying an additional 4,577,599 shares during the period. Van ECK Associates Corp lifted its position in IAMGOLD by 8.8% during the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after buying an additional 4,267,084 shares during the period. Two Sigma Advisers LP boosted its stake in 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 buying an additional 3,732,315 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in IAMGOLD by 130.6% in the 3rd quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock valued at $28,385,000 after buying an additional 3,049,252 shares during the period. 47.08% of the stock is owned by hedge funds and other institutional investors.

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.