National Bank Financial Predicts IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for shares of IAMGOLD in a report issued on Tuesday, May 27th. National Bank Financial analyst M. Sidibe now expects that the mining company will earn $0.88 per share for the year, down from their previous estimate of $0.90. National Bank Financial currently 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 $1.22 EPS.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The company had revenue of $457.23 million during the quarter, compared to the consensus estimate of $578.70 million.

A number of other research firms have also commented on IAG. Raymond James reiterated a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Wall Street Zen lowered IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. CIBC increased their price objective on IAMGOLD from $8.40 to $9.20 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. BMO Capital Markets began coverage on IAMGOLD in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, Scotiabank boosted their price target on IAMGOLD from $7.50 to $7.75 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.74.

IAMGOLD Price Performance

Shares of IAG stock traded down $0.01 during trading hours on Friday, reaching $7.46. The stock had a trading volume of 8,165,709 shares, compared to its average volume of 10,654,844. IAMGOLD has a 12 month low of $3.44 and a 12 month high of $8.38. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.29 billion, a PE ratio of 5.14 and a beta of 1.20. The stock's fifty day simple moving average is $6.79 and its 200 day simple moving average is $6.09.

Institutional Investors Weigh In On IAMGOLD

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of IAMGOLD by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock valued at $187,000 after purchasing an additional 1,836 shares during the period. CIBC Asset Management Inc grew its holdings in IAMGOLD by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company's stock worth $3,615,000 after acquiring an additional 2,848 shares during the period. Hsbc Holdings PLC grew its holdings in IAMGOLD by 17.8% during the first quarter. Hsbc Holdings PLC now owns 19,973 shares of the mining company's stock worth $125,000 after acquiring an additional 3,020 shares during the period. Bank of New York Mellon Corp grew its holdings in IAMGOLD by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock worth $181,000 after acquiring an additional 3,961 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its holdings in IAMGOLD by 4.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company's stock worth $473,000 after acquiring an additional 4,013 shares during the period. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.