Cormark Issues Negative Outlook for IAMGOLD Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark decreased their Q1 2025 EPS estimates for shares of IAMGOLD in a research note issued on Wednesday, February 26th. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.09 for the quarter, down from their previous forecast of $0.17. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Several other equities research analysts also recently weighed in on the stock. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bankshares upped their price target on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, IAMGOLD has an average rating of “Buy” and an average price target of C$8.68.

IAMGOLD Stock Up 4.8 %

IAMGOLD stock opened at C$8.35 on Thursday. The company has a market capitalization of C$3.39 billion, a PE ratio of 4.33, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12-month low of C$3.44 and a 12-month high of C$9.68. The firm’s fifty day moving average is C$8.32 and its 200 day moving average is C$7.59. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93.

Insider Buying and Selling at IAMGOLD

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Lawrence Peter O’hagan bought 4,800 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of C$8.11 per share, for a total transaction of C$38,918.88. Insiders own 0.10% of the company’s stock.

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.