Stifel Canada Forecasts Iamgold's FY2026 Earnings (NYSE:IAG)

Key Points

• Stifel Canada has raised its FY2026 earnings per share estimate for Iamgold to $1.63, significantly up from a previous estimate of $0.95, maintaining a "Strong-Buy" rating for the stock.
• During its last quarterly report, Iamgold missed earnings expectations, posting $0.13 per share compared to a consensus of $0.14, and reported revenue of $587.21 million, below the anticipated $663.21 million.
• Assessment ratings for Iamgold show a mix from analysts, with three giving a "Strong Buy," five a "Buy," and three a "Hold," reflecting varying confidence in the company's future performance.

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Investment analysts at Stifel Canada increased their FY2026 earnings per share estimates for Iamgold in a research note issued on Monday, October 20th. Stifel Canada analyst I. Rico now anticipates that the mining company will post earnings per share of $1.63 for the year, up from their previous estimate of $0.95. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Iamgold's current full-year earnings is $0.67 per share. Stifel Canada also issued estimates for Iamgold's FY2027 earnings at $1.34 EPS.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings results on Thursday, August 7th. The mining company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Iamgold had a net margin of 40.61% and a return on equity of 8.54%. The company had revenue of $587.21 million for the quarter, compared to analysts' expectations of $663.21 million.

IAG has been the topic of several other reports. CIBC raised their price objective on Iamgold from $10.40 to $19.00 and gave the company an "outperformer" rating in a report on Friday, October 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Iamgold in a report on Wednesday, October 8th. Raymond James Financial raised their price objective on Iamgold from $9.00 to $13.00 and gave the company a "market perform" rating in a report on Friday, October 10th. Royal Bank Of Canada raised Iamgold from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $9.00 to $14.00 in a report on Wednesday, September 10th. Finally, Zacks Research lowered Iamgold from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $13.44.

Iamgold Stock Down 1.3%

Shares of IAG opened at $12.03 on Thursday. 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 $4.89 and a 12 month high of $14.67. The stock's 50 day moving average is $11.16 and its two-hundred day moving average is $8.51. The firm has a market cap of $6.92 billion, a P/E ratio of 8.65, a PEG ratio of 0.43 and a beta of 1.24.

Institutional Trading of Iamgold

Several large investors have recently added to or reduced their stakes in IAG. Cambridge Investment Research Advisors Inc. purchased a new stake in Iamgold in the 1st quarter valued at $647,000. Continuum Advisory LLC grew its holdings in Iamgold by 130.2% in the 1st quarter. Continuum Advisory LLC now owns 35,103 shares of the mining company's stock valued at $219,000 after buying an additional 19,853 shares in the last quarter. Golden State Equity Partners purchased a new stake in Iamgold in the 1st quarter valued at $125,000. Allspring Global Investments Holdings LLC grew its holdings in Iamgold by 56.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,017,000 shares of the mining company's stock valued at $12,589,000 after buying an additional 728,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Iamgold by 40.6% in the 1st quarter. Bank of New York Mellon Corp now owns 49,282 shares of the mining company's stock valued at $308,000 after buying an additional 14,236 shares in the last quarter. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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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