National Bank Financial Expects Lower Earnings for Iamgold

Key Points

• National Bank Financial has revised its FY2025 EPS estimate for Iamgold down to $0.61, significantly lower than the previous forecast of $0.89.
• Analysts have mixed ratings on Iamgold, with two analysts giving a Strong Buy rating, while others have issued Hold and Buy ratings.
• Institutional and hedge fund ownership of Iamgold stands at 47.08%, with several firms actively increasing their stakes in the company recently.

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Research analysts at National Bank Financial cut their FY2025 EPS estimates for shares of Iamgold in a note issued to investors on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now anticipates that the mining company will post earnings per share of $0.61 for the year, down from their prior forecast of $0.89. The consensus estimate for Iamgold's current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for Iamgold's FY2026 earnings at $1.62 EPS.

Several other equities research analysts have also recently commented on the company. Raymond James Financial raised Iamgold to a "hold" rating and set a $8.00 price target for the company in a research note on Monday, June 30th. CIBC reiterated an "outperform" rating on shares of Iamgold in a research note on Tuesday, July 15th. Zacks Research lowered shares of Iamgold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. National Bankshares restated an "outperform" rating on shares of Iamgold in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada upgraded shares of Iamgold from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $9.00 to $14.00 in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.13.

Iamgold Stock Performance

Shares of IAG stock opened at $11.80 on Friday. Iamgold has a fifty-two week low of $4.44 and a fifty-two week high of $12.32. The stock's 50-day moving average is $8.92 and its two-hundred day moving average is $7.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.76. The firm has a market cap of $6.79 billion, a P/E ratio of 8.49, a PEG ratio of 0.38 and a beta of 1.21.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Thursday, August 7th. The mining company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Iamgold had a return on equity of 8.54% and a net margin of 40.61%.The firm had revenue of $587.21 million for the quarter, compared to analysts' expectations of $663.21 million.

Hedge Funds Weigh In On Iamgold

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Iamgold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 21,594,479 shares of the mining company's stock valued at $134,764,000 after buying an additional 361,608 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Iamgold by 12.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 20,917,319 shares of the mining company's stock valued at $154,046,000 after acquiring an additional 2,302,527 shares during the period. American Century Companies Inc. grew its stake in shares of Iamgold by 19.0% in the first quarter. American Century Companies Inc. now owns 12,092,101 shares of the mining company's stock worth $75,489,000 after acquiring an additional 1,929,787 shares during the last quarter. Invesco Ltd. grew its stake in shares of Iamgold by 19.6% in the first quarter. Invesco Ltd. now owns 8,536,289 shares of the mining company's stock worth $53,352,000 after acquiring an additional 1,396,354 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Iamgold by 183.5% during the second quarter. Mackenzie Financial Corp now owns 7,614,294 shares of the mining company's stock worth $56,118,000 after acquiring an additional 4,928,077 shares during the period. 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.

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