Scotiabank Has Optimistic Outlook of IAMGOLD FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for IAMGOLD to $2.65 from $2.60, well above the current full-year consensus estimate of $1.11.
• IAMGOLD reported quarterly EPS of C$0.60 on revenue of C$1.22 billion, with a 28.08% return on equity and a 31.46% net margin.
• Analyst sentiment remains positive: National Bank Financial increased its price target to C$32, while four analysts rate the stock a Buy and the consensus price target is C$31.07.

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Investment analysts at Scotiabank lifted their FY2027 earnings per share estimates for shares of IAMGOLD in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $2.65 for the year, up from their previous forecast of $2.60. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its earnings results on Thursday, August 6th. The mining company reported C$0.60 EPS for the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%.The business had revenue of C$1.22 billion during the quarter.

Separately, National Bank Financial boosted their price objective on IAMGOLD from C$31.00 to C$32.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IAMGOLD presently has an average rating of "Buy" and an average price target of C$31.07.

IAMGOLD Price Performance

Shares of TSE:IMG opened at C$29.07 on Monday. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.19 and a current ratio of 1.71. IAMGOLD has a 52-week low of C$11.55 and a 52-week high of C$34.09. The business's 50 day simple moving average is C$22.87 and its two-hundred day simple moving average is C$24.93. The firm has a market cap of C$16.60 billion, a P/E ratio of 14.68, a PEG ratio of -0.28 and a beta of 2.15.

Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, insider Ankit Shah acquired 4,666 shares of IAMGOLD stock in a transaction on Friday, June 5th. The stock was purchased at an average price of C$21.43 per share, for a total transaction of C$99,992.38. Following the purchase, the insider directly owned 14,323 shares of the company's stock, valued at C$306,941.89. This trade represents a 48.32% increase in their ownership of the stock. Also, Director Renaud Adams purchased 13,700 shares of IAMGOLD stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of C$21.89 per share, with a total value of C$299,893.00. Following the transaction, the director owned 646,867 shares of the company's stock, valued at C$14,159,918.63. This trade represents a 2.16% increase in their position. Corporate insiders own 0.10% of the company's stock.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. ('SMM'). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.

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