Stifel Canada Estimates Iamgold's FY2025 Earnings (NYSE:IAG)

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Stifel Canada boosted their FY2025 earnings estimates for shares of Iamgold in a research report issued to clients and investors on Monday, July 21st. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $0.76 for the year, up from their previous forecast of $0.68. The consensus estimate for Iamgold's current full-year earnings is $0.67 per share. Stifel Canada also issued estimates for Iamgold's FY2026 earnings at $0.95 EPS and FY2027 earnings at $0.75 EPS.

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

A number of other analysts also recently weighed in on IAG. Raymond James Financial upgraded shares of Iamgold to a "hold" rating and set a $8.00 target price on the stock in a report on Monday, June 30th. BMO Capital Markets started coverage on shares of Iamgold in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Scotiabank upped their price target 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 reaffirmed an "outperform" rating on shares of Iamgold in a research report on Tuesday, July 15th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Iamgold in a research report on Tuesday, June 24th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.53.

Iamgold Price Performance

NYSE IAG traded down $0.03 on Thursday, reaching $7.03. The company had a trading volume of 15,133,411 shares, compared to its average volume of 12,562,073. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4.04 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 0.34 and a beta of 1.15. The firm's 50 day moving average price is $7.18 and its 200 day moving average price is $6.59. Iamgold has a 12 month low of $3.44 and a 12 month high of $8.38.

Institutional Trading of Iamgold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in Iamgold by 272.9% during the second quarter. Parallel Advisors LLC now owns 3,584 shares of the mining company's stock valued at $26,000 after purchasing an additional 2,623 shares in the last quarter. Summit Securities Group LLC purchased a new position in Iamgold during the first quarter valued at $35,000. Alpha Omega Wealth Management LLC purchased a new position in shares of Iamgold in the first quarter worth about $75,000. Avantax Advisory Services Inc. purchased a new position in shares of Iamgold in the first quarter worth about $86,000. Finally, Vident Advisory LLC purchased a new position in shares of Iamgold in the first quarter worth about $92,000. Institutional investors and hedge funds 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.