Scotiabank Issues Optimistic Forecast for IAMGOLD Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Scotiabank raised their FY2025 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued to clients and investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $1.47 per share for the year, up from their prior forecast of $1.26. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

A number of other equities analysts also recently commented on IMG. TD Securities increased their price objective on shares of IAMGOLD from C$24.00 to C$34.00 in a research note on Thursday, January 22nd. National Bankshares boosted their price target on IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, Stifel Nicolaus upgraded IAMGOLD from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$11.00 to C$28.00 in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, IAMGOLD currently has an average rating of “Buy” and a consensus target price of C$25.17.

IAMGOLD Stock Up 0.6%

IAMGOLD stock opened at C$24.86 on Monday. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 1-year low of C$7.27 and a 1-year high of C$30.30. The company has a fifty day simple moving average of C$23.65 and a 200 day simple moving average of C$17.99. The company has a market cap of C$14.74 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of -0.28 and a beta of 1.49.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The company had revenue of C$984.02 million for the quarter.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.