IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities research analysts at Cormark increased their Q2 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued on Monday, May 13th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.05 per share for the quarter, up from their previous forecast of ($0.01). The consensus estimate for IAMGOLD's current full-year earnings is $0.14 per share. Cormark also issued estimates for IAMGOLD's Q3 2024 earnings at $0.04 EPS, FY2024 earnings at $0.26 EPS and FY2025 earnings at $0.67 EPS.
A number of other research firms have also recently weighed in on IAG. StockNews.com raised shares of IAMGOLD from a "sell" rating to a "hold" rating in a report on Friday, April 26th. CIBC upped their price target on IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. BMO Capital Markets upped their target price on IAMGOLD from $4.00 to $4.25 and gave the stock an "outperform" rating in a research note on Friday, April 5th. Finally, Scotiabank increased their target price on IAMGOLD from $3.75 to $4.25 and gave the company a "sector perform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $3.62.
Read Our Latest Analysis on IAG
IAMGOLD Stock Performance
Shares of NYSE:IAG traded down $0.09 during trading on Thursday, hitting $4.40. 7,188,348 shares of the stock traded hands, compared to its average volume of 8,918,737. The company has a fifty day moving average price of $3.53 and a two-hundred day moving average price of $2.85. IAMGOLD has a 52-week low of $1.99 and a 52-week high of $4.55. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 0.76 and a beta of 1.68. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.35.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings results on Thursday, May 9th. The mining company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.09. The company had revenue of $338.90 million during the quarter. IAMGOLD had a return on equity of 3.17% and a net margin of 12.48%. During the same period in the previous year, the firm posted $0.05 earnings per share.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new position in IAMGOLD during the fourth quarter worth approximately $26,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of IAMGOLD during the 4th quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of IAMGOLD during the 4th quarter valued at about $33,000. Koshinski Asset Management Inc. purchased a new stake in shares of IAMGOLD in the fourth quarter valued at about $34,000. Finally, RWA Wealth Partners LLC acquired a new stake in IAMGOLD during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 47.08% of the company's stock.
IAMGOLD Company Profile
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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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