FY2024 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Raymond James upped their FY2024 EPS estimates for IAMGOLD in a research note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.91 per share for the year, up from their prior estimate of $0.85. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. National Bankshares cut their target price on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Finally, National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average price target of C$8.30.

IAMGOLD Trading Down 4.3 %

Shares of TSE IMG opened at C$7.65 on Thursday. The business has a 50 day simple moving average of C$7.62 and a 200 day simple moving average of C$6.89. IAMGOLD has a 52 week low of C$3.00 and a 52 week high of C$8.80. The stock has a market cap of C$4.36 billion, a price-to-earnings ratio of 23.91, a PEG ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34.

Insider Activity at IAMGOLD

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s 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, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. 0.10% of the stock is currently owned by company insiders.

IAMGOLD Company Profile

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.