National Bank Financial Predicts Weaker Earnings for IAMGOLD

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

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted 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 return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $457.23 million for the quarter, compared to the consensus estimate of $578.70 million.

IAG has been the subject of several other reports. Raymond James restated a "market perform" rating and issued a $8.00 price objective on shares of IAMGOLD in a research note on Friday, April 4th. Scotiabank raised their price objective on IAMGOLD from $7.50 to $7.75 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. BMO Capital Markets assumed coverage on IAMGOLD in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Wall Street Zen cut IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, CIBC raised their target price on IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD presently has an average rating of "Moderate Buy" and an average target price of $7.74.

IAMGOLD Stock Performance

Shares of NYSE:IAG traded up $0.60 during trading on Friday, hitting $7.46. The stock had a trading volume of 21,663,037 shares, compared to its average volume of 10,650,863. IAMGOLD has a 12-month low of $3.44 and a 12-month high of $8.38. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 5.15 and a beta of 1.20. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $6.07.

Institutional Trading of IAMGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its holdings in 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 increased its position in shares of IAMGOLD by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company's stock valued at $3,615,000 after buying an additional 2,848 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of IAMGOLD by 17.8% in the first quarter. Hsbc Holdings PLC now owns 19,973 shares of the mining company's stock valued at $125,000 after buying an additional 3,020 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of IAMGOLD by 12.7% in the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock valued at $181,000 after buying an additional 3,961 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in shares of IAMGOLD by 4.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company's stock valued at $473,000 after buying an additional 4,013 shares in the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

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.