What is Scotiabank’s Estimate for IAMGOLD FY2025 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities research analysts at Scotiabank raised their FY2025 earnings estimates for shares of IAMGOLD in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $0.64 per share for the year, up from their previous estimate of $0.47. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share. Scotiabank also issued estimates for IAMGOLD’s FY2026 earnings at $0.54 EPS.

A number of other brokerages have also weighed in on IAG. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a report on Wednesday. National Bank Financial raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and upped their price objective for the company from $7.75 to $10.50 in a report on Tuesday, October 22nd. Finally, CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.68.

IAMGOLD Price Performance

NYSE IAG opened at $5.58 on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 4.36 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The stock’s fifty day moving average price is $5.38 and its 200 day moving average price is $5.01. IAMGOLD has a 1 year low of $2.23 and a 1 year high of $6.37.

Hedge Funds Weigh In On IAMGOLD

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in IAMGOLD by 66.6% during the third quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company’s stock valued at $7,904,000 after buying an additional 604,259 shares during the period. Virtu Financial LLC acquired a new stake in shares of IAMGOLD during the 3rd quarter valued at about $267,000. Toronto Dominion Bank increased its stake in shares of IAMGOLD by 15.6% in the 3rd quarter. Toronto Dominion Bank now owns 274,377 shares of the mining company’s stock valued at $1,435,000 after purchasing an additional 37,005 shares in the last quarter. Geode Capital Management LLC raised its holdings in IAMGOLD by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock worth $1,392,000 after purchasing an additional 6,874 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in IAMGOLD during the third quarter worth approximately $1,083,000. 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.