Q3 Earnings Estimate for IAMGOLD Issued By Stifel Canada

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for IAMGOLD in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico expects that the mining company will post earnings per share of $0.15 for the quarter. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%.

IMG has been the subject of a number of other reports. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday. National Bankshares boosted their price objective on IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average price target of C$6.91.

IAMGOLD Stock Up 1.1 %

IAMGOLD stock opened at C$8.31 on Wednesday. The stock has a market capitalization of C$4.74 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12 month low of C$2.87 and a 12 month high of C$8.80. The business has a 50 day simple moving average of C$7.02 and a 200-day simple moving average of C$5.92. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19.

Insiders Place Their Bets

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is owned by company insiders.

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.