National Bank Financial Estimates IAMGOLD FY2027 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Stock analysts at National Bank Financial cut their FY2027 earnings estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, May 27th. National Bank Financial analyst M. Sidibe now anticipates that the mining company will post earnings of $1.03 per share for the year, down from their previous estimate of $1.05. 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.

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, hitting analysts' consensus estimates of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $457.23 million for the quarter, compared to analysts' expectations of $578.70 million.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets began coverage on shares of IAMGOLD in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. CIBC upped their price target on shares of IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. Wall Street Zen cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. 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 note on Monday, May 12th. Finally, Raymond James reaffirmed a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.74.

IAMGOLD Price Performance

Shares of NYSE:IAG traded up $0.08 on Thursday, reaching $6.86. 15,454,588 shares of the company were exchanged, compared to its average volume of 10,609,950. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD has a 1-year low of $3.44 and a 1-year high of $8.38. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 4.73 and a beta of 1.20. The company has a 50-day moving average of $6.76 and a 200-day moving average of $6.06.

Institutional Investors Weigh In On IAMGOLD

Several institutional investors and hedge funds have recently made changes to their positions in IAG. Tobam purchased a new stake in shares of IAMGOLD in the 4th quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of IAMGOLD in the 1st quarter worth about $35,000. Blue Trust Inc. boosted its position in shares of IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after buying an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in shares of IAMGOLD in the 4th quarter worth about $56,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of IAMGOLD in the 4th quarter worth about $68,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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.