Raymond James Financial Expects Higher Earnings for Iamgold

Key Points

• Raymond James Financial raised its Q1 2026 earnings per share (EPS) estimate for Iamgold to $0.40, which is an increase from their previous forecast of $0.35.
• The consensus estimate for Iamgold's full-year earnings for the current year is $0.67 per share, following a reported earnings result of $0.13 per share, which missed expectations.
• Recent ratings on Iamgold's stock vary, with two analysts recommending a Strong Buy, four suggesting a Buy, and the overall average rating being a Moderate Buy with a price target of $8.53.

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Raymond James Financial boosted their Q1 2026 EPS estimates for shares of Iamgold in a note issued to investors on Wednesday, August 20th. Raymond James Financial analyst J. Elliott now expects that the mining company will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.35. Raymond James Financial has a "Hold" rating and a $8.00 price target on the stock. The consensus estimate for Iamgold's current full-year earnings is $0.67 per share. Raymond James Financial also issued estimates for Iamgold's Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.39 EPS and FY2026 earnings at $1.57 EPS.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results 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). The firm had revenue of $587.21 million during the quarter, compared to the consensus estimate of $663.21 million. Iamgold had a return on equity of 8.54% and a net margin of 40.61%.

IAG has been the subject of several other research reports. National Bankshares restated an "outperform" rating on shares of Iamgold in a research note on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of Iamgold in a report on Tuesday, July 15th. Scotiabank boosted their target price on Iamgold from $7.50 to $7.75 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Zacks Research downgraded shares of Iamgold from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.53.

Iamgold Stock Performance

IAG stock opened at $8.7650 on Monday. The stock's 50 day simple moving average is $7.41 and its 200 day simple moving average is $6.85. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 0.31. Iamgold has a 12-month low of $4.44 and a 12-month high of $8.87. The stock has a market capitalization of $5.04 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 0.29 and a beta of 1.08.

Hedge Funds Weigh In On Iamgold

Several institutional investors have recently made changes to their positions in the business. Banque Transatlantique SA bought a new stake in Iamgold during the second quarter valued at approximately $26,000. Parallel Advisors LLC boosted its stake in shares of Iamgold by 272.9% during the 2nd quarter. Parallel Advisors LLC now owns 3,584 shares of the mining company's stock worth $26,000 after acquiring an additional 2,623 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Iamgold during the 1st quarter worth $35,000. Tableaux LLC bought a new stake in shares of Iamgold during the 2nd quarter valued at $61,000. Finally, Olympiad Research LP purchased a new stake in shares of Iamgold in the 2nd quarter worth $87,000. 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.

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