Analysts Offer Predictions for IAMGOLD FY2027 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at National Bank Financial issued their FY2027 earnings estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, May 7th. National Bank Financial analyst M. Sidibe anticipates that the mining company will post earnings per share of $1.05 for the year. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $457.23 million during the quarter, compared to the consensus estimate of $578.70 million.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Scotiabank lifted their price objective on shares of IAMGOLD from $7.50 to $7.75 and gave the company a “sector perform” rating in a research note on Monday. CIBC increased their price objective on shares of IAMGOLD from $8.40 to $9.20 and gave the stock an “outperformer” rating in a research note on Thursday, May 8th. BMO Capital Markets assumed coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They set an “outperform” rating for the company. Finally, Raymond James reaffirmed a “market perform” rating and issued a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.74.

IAMGOLD Stock Performance

Shares of IAG opened at $6.30 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a 50-day moving average of $6.55 and a two-hundred day moving average of $5.95. The stock has a market cap of $3.62 billion, a P/E ratio of 4.34 and a beta of 1.20. IAMGOLD has a one year low of $3.44 and a one year high of $8.38.

Institutional Investors Weigh In On IAMGOLD

Several hedge funds have recently modified their holdings of IAG. Franklin Resources Inc. raised its holdings in IAMGOLD by 5.3% in the 4th quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company’s stock worth $187,000 after purchasing an additional 1,836 shares during the period. CIBC Asset Management Inc lifted its position in shares of IAMGOLD by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company’s stock valued at $3,615,000 after buying an additional 2,848 shares in the last quarter. Bank of New York Mellon Corp grew its stake in IAMGOLD by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock valued at $181,000 after acquiring an additional 3,961 shares during the period. Northwest & Ethical Investments L.P. increased its holdings in IAMGOLD by 4.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock worth $473,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Freedom Investment Management Inc. raised its position in IAMGOLD by 4.2% during the fourth quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company’s stock worth $561,000 after acquiring an additional 4,399 shares during the period. 47.08% of the stock is 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.