FY2026 Earnings Forecast for Iamgold Issued By Scotiabank

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Investment analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of Iamgold in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $1.78 for the year, down from their previous forecast of $1.87. Scotiabank has a “Sector Perform” rating and a $22.00 price objective on the stock. The consensus estimate for Iamgold’s current full-year earnings is $2.07 per share.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings data on Tuesday, May 5th. The mining company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.14. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $955.17 million. Iamgold had a return on equity of 26.65% and a net margin of 29.49%.

Several other equities research analysts have also recently weighed in on the stock. Bank of America reduced their price target on shares of Iamgold from $22.50 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Zacks Research lowered shares of Iamgold from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings cut shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada reduced their target price on shares of Iamgold from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Iamgold Stock Down 5.4%

NYSE IAG opened at $14.18 on Friday. The stock has a 50 day moving average price of $16.55 and a 200-day moving average price of $18.33. Iamgold has a one year low of $6.69 and a one year high of $24.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.89. The company has a market capitalization of $8.14 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.64 and a beta of 1.30.

Hedge Funds Weigh In On Iamgold

A number of institutional investors and hedge funds have recently modified their holdings of IAG. Pin Oak Investment Advisors Inc. purchased a new position in shares of Iamgold in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC purchased a new stake in Iamgold during the 4th quarter valued at $33,000. Western Wealth Management LLC purchased a new stake in Iamgold during the 1st quarter valued at $43,000. FNY Investment Advisers LLC bought a new stake in Iamgold in the fourth quarter worth $38,000. Finally, EverSource Wealth Advisors LLC lifted its position in Iamgold by 73.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,712 shares of the mining company’s stock worth $51,000 after buying an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company’s stock.

About Iamgold

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.