Scotiabank Has Bullish Estimate for Iamgold FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for Iamgold to $1.89 (from $1.86) and kept a "Sector Perform" rating with a $25.00 price target, while also forecasting $1.92 EPS for FY2027.
• Iamgold beat expectations in its latest quarter, reporting $0.70 EPS versus $0.55 expected and $1.08 billion in revenue, with a 23.29% net margin and 19.26% return on equity.
• The analyst consensus is a "Moderate Buy" with a $17.75 target, based on one Strong Buy, five Buy and three Hold ratings.

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Iamgold in a research report issued on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $1.89 for the year, up from their prior estimate of $1.86. Scotiabank has a "Sector Perform" rating and a $25.00 price target on the stock. The consensus estimate for Iamgold's current full-year earnings is $2.16 per share. Scotiabank also issued estimates for Iamgold's FY2027 earnings at $1.92 EPS.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings results on Tuesday, February 17th. The mining company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.15. Iamgold had a net margin of 23.29% and a return on equity of 19.26%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.08 billion.

IAG has been the topic of a number of other research reports. Wall Street Zen raised shares of Iamgold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 21st. Zacks Research cut shares of Iamgold from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Iamgold in a research note on Tuesday, April 21st. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Iamgold in a research note on Wednesday, February 4th. Finally, TD Securities reissued a "buy" rating on shares of Iamgold in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.75.

Iamgold Price Performance

Iamgold stock opened at $17.12 on Tuesday. The company's fifty day moving average price is $19.88 and its 200 day moving average price is $17.36. Iamgold has a 1 year low of $6.06 and a 1 year high of $24.87. The stock has a market capitalization of $9.93 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.17 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.75.

Institutional Investors Weigh In On Iamgold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new stake in Iamgold during the 1st quarter worth $8,020,000. Leonteq Securities AG boosted its stake in Iamgold by 1,002.9% during the 1st quarter. Leonteq Securities AG now owns 14,338 shares of the mining company's stock worth $270,000 after purchasing an additional 13,038 shares during the last quarter. Louisbourg Investments Inc. boosted its stake in Iamgold by 3.2% during the 1st quarter. Louisbourg Investments Inc. now owns 318,300 shares of the mining company's stock worth $5,974,000 after purchasing an additional 9,900 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Iamgold by 14.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 121,914 shares of the mining company's stock worth $2,285,000 after purchasing an additional 15,032 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Iamgold by 947.0% during the 1st quarter. Blue Trust Inc. now owns 21,065 shares of the mining company's stock worth $396,000 after purchasing an additional 19,053 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

Insider Transactions at Iamgold

In other Iamgold news, Director David Stewart Smith sold 31,000 shares of Iamgold stock in a transaction on Friday, February 27th. The shares were sold at an average price of $32.87, for a total transaction of $1,018,970.00. Following the sale, the director owned 20,000 shares of the company's stock, valued at $657,400. The trade was a 60.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Iamgold Company Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.

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