Scotiabank Has Bullish Forecast for IAMGOLD FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for IAMGOLD to $2.59 (from $2.55), which is well above the current consensus full-year estimate of $1.11 per share, reflecting a more bullish earnings outlook.
• Several brokers have lifted price targets (examples include BMO to C$32, TD to C$36, Stifel to C$40 and BofA to C$38) and the stock holds a consensus target of C$32.07 with a "Moderate Buy" rating; IAMGOLD trades around C$23.52, suggesting material upside to analyst targets.

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Scotiabank increased their FY2026 EPS estimates for IAMGOLD in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $2.59 per share for the year, up from their previous forecast of $2.55. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets upped their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. TD Securities upped their target price on shares of IAMGOLD from C$34.00 to C$36.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Stifel Nicolaus upped their target price on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. National Bank Financial lifted their price target on IAMGOLD from C$36.00 to C$39.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Finally, Bank of America lifted their price target on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$32.07.

IAMGOLD Price Performance

IAMGOLD stock opened at C$23.52 on Monday. The company has a 50-day simple moving average of C$27.43 and a 200-day simple moving average of C$23.91. The firm has a market capitalization of C$13.69 billion, a P/E ratio of 20.63, a P/E/G ratio of -0.28 and a beta of 2.11. The company has a debt-to-equity ratio of 20.08, a quick ratio of 1.19 and a current ratio of 1.75. IAMGOLD has a one year low of C$8.46 and a one year high of C$34.09.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its earnings results on Wednesday, February 18th. The mining company reported C$0.96 earnings per share for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. The firm had revenue of C$1.46 billion during the quarter.

About IAMGOLD

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.

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