Raymond James Equities Analysts Raise Earnings Estimates for IAMGOLD Co. (TSE:IMG)

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Investment analysts at Raymond James upped their Q1 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a report issued on Tuesday, April 23rd. Raymond James analyst F. Hamed now expects that the mining company will earn $0.00 per share for the quarter, up from their previous forecast of ($0.05). The consensus estimate for IAMGOLD's current full-year earnings is $0.07 per share. Raymond James also issued estimates for IAMGOLD's Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.14 EPS and FY2024 earnings at $0.32 EPS.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.06. The firm had revenue of C$405.19 million for the quarter. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%.

A number of other brokerages have also recently commented on IMG. National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. National Bankshares raised their target price on IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Bank of America raised their target price on IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Stifel Nicolaus raised their price target on IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. Finally, Canaccord Genuity Group raised their price target on IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$4.99.

IAMGOLD Stock Performance

IAMGOLD stock traded up C$0.11 during trading on Friday, reaching C$5.18. The company had a trading volume of 874,385 shares, compared to its average volume of 1,263,980. IAMGOLD has a 52 week low of C$2.71 and a 52 week high of C$5.38. The firm's 50-day simple moving average is C$4.37 and its 200 day simple moving average is C$3.67. The firm has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05.

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.