IAMGOLD FY2027 EPS Reduced by National Bank Financial

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 expects that the mining company will earn $1.03 per share for the year, down from their prior forecast of $1.05. 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.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its earnings results on Tuesday, May 6th. The mining company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $578.70 million.

Several other analysts have also issued reports on IAG. Raymond James reaffirmed a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. CIBC boosted their price objective on shares of IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. BMO Capital Markets started coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Wall Street Zen downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Scotiabank raised their price objective 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 research 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 company's stock. According to data from MarketBeat, IAMGOLD has an average rating of "Moderate Buy" and a consensus target price of $7.74.

IAMGOLD Price Performance

Shares of IAG traded up $0.63 during midday trading on Thursday, reaching $7.49. The stock had a trading volume of 15,133,524 shares, compared to its average volume of 10,628,402. 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 company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 5.18 and a beta of 1.20. The company's 50-day moving average is $6.76 and its 200 day moving average is $6.07. IAMGOLD has a 12-month low of $3.44 and a 12-month high of $8.38.

Institutional Investors Weigh In On IAMGOLD

Large investors have recently modified their holdings of the stock. Tobam bought a new stake in IAMGOLD during the 4th quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in shares of IAMGOLD in the 1st quarter valued at approximately $35,000. Blue Trust Inc. boosted its position in shares of IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after purchasing an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in IAMGOLD in the fourth quarter worth $56,000. Finally, Atria Wealth Solutions Inc. bought a new position in IAMGOLD in the fourth quarter worth $68,000. 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.