National Bank Financial Predicts IAMGOLD FY2027 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities research analysts at National Bank Financial issued their FY2027 earnings per share estimates for IAMGOLD in a report released on Wednesday, May 7th. National Bank Financial analyst M. Sidibe anticipates that the mining company will post earnings per share of $1.05 for the year. 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.

A number of other brokerages also recently weighed in on IAG. Scotiabank raised their target price on IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a report on Monday, April 14th. Raymond James restated a "market perform" rating and set a $8.00 price objective on shares of IAMGOLD in a research report on Friday, April 4th. BMO Capital Markets started coverage on IAMGOLD in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. CIBC boosted their target price on IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a research note on Thursday. Finally, StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.70.

IAMGOLD Stock Performance

Shares of NYSE:IAG opened at $7.02 on Monday. IAMGOLD has a 1 year low of $3.44 and a 1 year high of $8.38. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 4.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The company's 50 day simple moving average is $6.53 and its 200 day simple moving average is $5.95.

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 the consensus estimate of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The firm had revenue of $457.23 million for the quarter, compared to analyst estimates of $578.70 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tobam bought a new stake in IAMGOLD during the 4th quarter worth approximately $25,000. Blue Trust Inc. lifted its holdings 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 worth $47,000 after purchasing an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC bought a new stake in shares of IAMGOLD in the fourth quarter worth $56,000. Alpha Omega Wealth Management LLC bought a new stake in shares of IAMGOLD in the first quarter worth $75,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD in the fourth quarter valued at $68,000. Institutional investors 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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