National Bank Financial Cuts Earnings Estimates for IAMGOLD

Key Points

• National Bank Financial has reduced IAMGOLD's FY2025 earnings per share estimate from $1.22 to $0.84, while the current consensus estimate stands at $1.11 per share.
• Multiple analysts have adjusted their price targets for IAMGOLD, with Bank of America raising it from C$13.00 to C$15.50, and National Bankshares increasing it to C$21.00.
• IAMGOLD's stock recently opened at C$16.47, with a market capitalization of C$9.47 billion and a 52-week price range between C$6.07 and C$17.02.

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Research analysts at National Bank Financial lowered their FY2025 earnings per share estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now anticipates that the mining company will earn $0.84 per share for the year, down from their previous estimate of $1.22. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. National Bank Financial also issued estimates for IAMGOLD's FY2026 earnings at $2.24 EPS.

A number of other equities research analysts also recently weighed in on the company. Bank of America raised their price target on IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Cormark raised their price target on IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. National Bankshares raised their price target on IAMGOLD from C$15.50 to C$21.00 and gave the stock an "outperform" rating in a research note on Wednesday. Raymond James Financial raised IAMGOLD to a "hold" rating in a report on Monday, June 30th. Finally, Royal Bank Of Canada raised IAMGOLD from a "hold" rating to a "moderate buy" rating in a report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$16.88.

IAMGOLD Stock Up 1.1%

IMG opened at C$16.47 on Friday. IAMGOLD has a fifty-two week low of C$6.07 and a fifty-two week high of C$17.02. The business has a 50-day moving average of C$12.29 and a 200-day moving average of C$10.49. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The company has a market capitalization of C$9.47 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of -0.28 and a beta of 1.11.

About IAMGOLD

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.

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