Analysts Issue Forecasts for Iamgold FY2025 Earnings

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Research analysts at National Bank Financial upped their FY2025 EPS estimates for shares of Iamgold in a research report issued on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now expects that the mining company will post earnings per share of $0.96 for the year, up from their previous estimate of $0.88. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Iamgold's current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for Iamgold's FY2026 earnings at $1.51 EPS.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Iamgold had a net margin of 45.42% and a return on equity of 9.26%. The business had revenue of $457.23 million for the quarter, compared to analysts' expectations of $578.70 million.

Several other equities analysts have also recently weighed in on the stock. Raymond James Financial raised shares of Iamgold to a "hold" rating and set a $8.00 price target on the stock in a research report on Monday, June 30th. Scotiabank lifted their target price on shares of Iamgold from $7.50 to $7.75 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. CIBC reissued an "outperform" rating on shares of Iamgold in a research report on Tuesday. BMO Capital Markets assumed coverage on shares of Iamgold in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, National Bankshares reissued an "outperform" rating on shares of Iamgold in a research report on Tuesday, June 24th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $8.53.

Iamgold Stock Up 0.1%

NYSE IAG traded up $0.01 during trading hours on Friday, hitting $7.03. The company's stock had a trading volume of 1,404,306 shares, compared to its average volume of 11,582,985. Iamgold has a 52 week low of $3.44 and a 52 week high of $8.38. The company has a market capitalization of $4.04 billion, a PE ratio of 5.00, a price-to-earnings-growth ratio of 0.35 and a beta of 1.15. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company's 50-day simple moving average is $7.08 and its two-hundred day simple moving average is $6.50.

Institutional Investors Weigh In On Iamgold

A number of hedge funds have recently modified their holdings of IAG. RCF Management L.L.C. purchased a new position in shares of Iamgold during the 4th quarter valued at $128,174,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Iamgold during the 1st quarter valued at $45,911,000. Millennium Management LLC grew its stake in Iamgold by 88.4% in the 4th quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock valued at $53,307,000 after buying an additional 4,846,254 shares in the last quarter. Nuveen LLC purchased a new position in Iamgold in the 1st quarter valued at approximately $20,620,000. Finally, Anson Funds Management LP grew its stake in Iamgold by 2,100.0% in the 1st quarter. Anson Funds Management LP now owns 3,300,000 shares of the mining company's stock valued at $20,598,000 after buying an additional 3,150,000 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.