Cormark Comments on IAMGOLD’s FY2026 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Cormark issued their FY2026 earnings estimates for IAMGOLD in a report issued on Monday, November 11th. Cormark analyst R. Gray anticipates that the mining company will post earnings per share of $1.37 for the year. The consensus estimate for IAMGOLD’s current full-year earnings is $0.56 per share.

A number of other analysts have also commented on the company. CIBC lifted their price target on IAMGOLD from $5.40 to $6.40 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.75 to $10.50 in a report on Tuesday, October 22nd. Scotiabank increased their price target on shares of IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a research report on Monday, August 19th. StockNews.com raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, IAMGOLD has an average rating of “Moderate Buy” and a consensus target price of $6.68.

IAMGOLD Trading Down 0.8 %

NYSE:IAG opened at $4.94 on Thursday. IAMGOLD has a 52 week low of $2.11 and a 52 week high of $6.37. The firm has a 50-day moving average price of $5.29 and a two-hundred day moving average price of $4.54. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 3.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89.

Hedge Funds Weigh In On IAMGOLD

Several large investors have recently modified their holdings of the business. ORG Partners LLC bought a new position in IAMGOLD in the 3rd quarter worth approximately $29,000. Eastern Bank purchased a new position in shares of IAMGOLD in the third quarter valued at $30,000. TIAA Trust National Association bought a new stake in shares of IAMGOLD during the 2nd quarter valued at $38,000. International Assets Investment Management LLC purchased a new stake in IAMGOLD during the 3rd quarter worth about $700,000. Finally, WINTON GROUP Ltd bought a new position in IAMGOLD in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 47.08% 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.