Research Analysts Offer Predictions for IAMGOLD Co.’s Q1 2024 Earnings (TSE:IMG)

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Cormark boosted their Q1 2024 EPS estimates for shares of IAMGOLD in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of $0.00 for the quarter, up from their prior estimate of ($0.01). The consensus estimate for IAMGOLD’s current full-year earnings is $0.07 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.06. The business had revenue of C$405.19 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%.

IMG has been the topic of a number of other research reports. Bank of America raised their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. National Bankshares lifted their target price on shares of IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Stifel Nicolaus lifted their target price on shares of IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. Canaccord Genuity Group lifted their target price on shares of IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday. Finally, National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$4.99.

IAMGOLD Stock Up 5.4 %

IAMGOLD stock opened at C$5.05 on Tuesday. The company has a market capitalization of C$2.51 billion, a P/E ratio of 21.04, a P/E/G ratio of -0.28 and a beta of 1.44. The firm’s fifty day simple moving average is C$4.27 and its 200-day simple moving average is C$3.64. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$5.38.

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.