FY2025 Earnings Forecast for Iamgold Issued By Stifel Canada

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Equities research analysts at Stifel Canada boosted their FY2025 earnings per share (EPS) estimates for Iamgold in a research note issued on Monday, July 21st. Stifel Canada analyst I. Rico now expects that the mining company will earn $0.76 per share for the year, up from their previous estimate 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.

IAG has been the topic of a number of other reports. Scotiabank increased their price target on shares of Iamgold from $7.50 to $7.75 and gave the company a "sector perform" rating in a research report on Monday, May 12th. CIBC reaffirmed an "outperform" rating on shares of Iamgold in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Iamgold in a research report on Tuesday, June 24th. BMO Capital Markets assumed coverage on shares of Iamgold in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, Raymond James Financial raised Iamgold to a "hold" rating and set a $8.00 price objective on the stock in a research note on Monday, June 30th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $8.53.

Iamgold Price Performance

Iamgold stock traded down $0.03 during mid-day trading on Thursday, hitting $7.03. 15,133,411 shares of the company traded hands, compared to its average volume of 12,562,073. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.41. Iamgold has a one year low of $3.44 and a one year high of $8.38. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.34 and a beta of 1.15. The stock has a fifty day moving average price of $7.18 and a 200-day moving average price of $6.59.

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

Institutional Trading of Iamgold

Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Iamgold by 5.3% during the 4th quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock worth $187,000 after acquiring an additional 1,836 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Iamgold by 272.9% during the second quarter. Parallel Advisors LLC now owns 3,584 shares of the mining company's stock worth $26,000 after purchasing an additional 2,623 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Iamgold by 17.8% during the 1st quarter. Hsbc Holdings PLC now owns 19,973 shares of the mining company's stock valued at $125,000 after purchasing an additional 3,020 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Iamgold by 10.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,901 shares of the mining company's stock worth $271,000 after purchasing an additional 3,562 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Iamgold by 12.7% during the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock valued at $181,000 after purchasing an additional 3,961 shares in the last quarter. Institutional investors own 47.08% of the company's stock.

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.