Scotiabank Has Strong Forecast for IAMGOLD FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for IAMGOLD to $2.63 (from $2.60) on April 23, a figure well above the current consensus full‑year estimate of $1.11.
• Multiple brokers have boosted price targets and ratings recently — including Stifel to C$40, National Bank to C$39 (with an "outperform") and BofA to C$38 — leaving a MarketBeat consensus target of C$32.07 and an overall "Moderate Buy" view.
• IAMGOLD posted C$0.96 EPS and C$1.46 billion revenue in the latest quarter, and the stock trades around C$23.36 with a market cap of C$13.6 billion and a P/E of about 20.5.

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Investment analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for IAMGOLD in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $2.63 per share 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 announced its quarterly earnings results on Wednesday, February 18th. The mining company reported C$0.96 earnings per share (EPS) for the quarter. The firm had revenue of C$1.46 billion during the quarter. IAMGOLD had a return on equity of 18.40% and a net margin of 23.37%.

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

IAMGOLD Stock Down 0.7%

Shares of TSE IMG opened at C$23.36 on Tuesday. The company has a debt-to-equity ratio of 20.08, a quick ratio of 1.19 and a current ratio of 1.75. The firm has a market capitalization of C$13.60 billion, a price-to-earnings ratio of 20.49, a PEG ratio of -0.28 and a beta of 2.11. The stock has a 50 day moving average price of C$27.31 and a 200 day moving average price of C$23.95. IAMGOLD has a 52-week low of C$8.46 and a 52-week high of C$34.09.

IAMGOLD Company Profile

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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