Scotiabank Has Negative Forecast for IAMGOLD FY2027 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Scotiabank reduced their FY2027 earnings per share estimates for shares of IAMGOLD in a report released on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $2.60 for the year, down from their prior forecast of $2.67. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%.The company had revenue of C$1.43 billion during the quarter.

Several other equities research analysts have also commented on IMG. BMO Capital Markets upped their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. National Bank Financial increased their price objective on shares of IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$32.07.

IAMGOLD Trading Down 0.8%

Shares of TSE:IMG opened at C$19.63 on Monday. The stock has a market capitalization of C$11.35 billion, a price-to-earnings ratio of 11.48, a PEG ratio of -0.28 and a beta of 2.16. The company has a debt-to-equity ratio of 15.02, a quick ratio of 1.19 and a current ratio of 1.89. The stock’s 50-day simple moving average is C$22.93 and its two-hundred day simple moving average is C$25.29. IAMGOLD has a 52-week low of C$9.26 and a 52-week high of C$34.09.

Insider Activity

In related news, Director Daniel Racine bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of C$26.28 per share, with a total value of C$131,400.00. Following the acquisition, the director owned 5,000 shares in the company, valued at C$131,400. This trade represents a ? increase in their ownership of the stock. Also, Director Renaud Adams bought 13,700 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of C$21.89 per share, for a total transaction of C$299,893.00. Following the completion of the transaction, the director directly owned 646,867 shares of the company’s stock, valued at C$14,159,918.63. This represents a 2.16% increase in their position. Insiders acquired a total of 33,023 shares of company stock valued at $782,657 in the last 90 days. Company insiders own 0.10% of the company’s stock.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.