Scotiabank Has Bullish Estimate for Iamgold FY2026 Earnings

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Research analysts at Scotiabank boosted their FY2026 earnings per share estimates for Iamgold in a report issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $1.91 for the year, up from their prior estimate of $1.81. Scotiabank has a “Sector Perform” rating and a $23.00 price target on the stock. The consensus estimate for Iamgold’s current full-year earnings is $1.83 per share.

Several other research analysts also recently commented on the company. Bank of America reduced their target price on Iamgold from $22.50 to $21.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research cut Iamgold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Jefferies Financial Group initiated coverage on Iamgold in a report on Thursday, August 20th. They set a “buy” rating and a $24.00 price target for the company. Freedom Broker cut their price target on Iamgold from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Finally, Raymond James Financial lifted their price objective on shares of Iamgold from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.71.

Iamgold Price Performance

NYSE:IAG opened at $17.60 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $18.77 and its two-hundred day moving average price is $18.34. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 1.18 and a beta of 1.39. Iamgold has a 12-month low of $11.82 and a 12-month high of $24.87.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Thursday, August 6th. The mining company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $845.97 million for the quarter, compared to the consensus estimate of $882.92 million. Iamgold had a return on equity of 28.97% and a net margin of 31.40%.

Hedge Funds Weigh In On Iamgold

Large investors have recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. acquired a new stake in Iamgold during the 2nd quarter worth approximately $28,000. Gen Wealth Partners Inc acquired a new position in Iamgold in the 3rd quarter valued at $37,000. Western Wealth Management LLC acquired a new position in Iamgold in the 1st quarter valued at $43,000. EverSource Wealth Advisors LLC grew its holdings in Iamgold by 73.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,712 shares of the mining company’s stock valued at $51,000 after buying an additional 1,150 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Iamgold by 33.2% in the 2nd quarter. IFP Advisors Inc now owns 3,262 shares of the mining company’s stock valued at $52,000 after buying an additional 813 shares in the last quarter. Institutional investors own 47.08% of the company’s stock.

Iamgold Company Profile

IAMGOLD Corporation is a Canadian mining company focused on the exploration, development and production of gold. Headquartered in Toronto, the company operates primarily in Canada and maintains a portfolio of gold assets at various stages of development.

IAMGOLD’s principal operating asset is the Côté Gold mine in northern Ontario, which it operates in partnership with Sumitomo Metal Mining. The company also owns the Westwood complex in Quebec, which includes underground mining and development activities.