Stifel Canada Has Pessimistic Outlook of IAMGOLD Q4 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Stifel Canada reduced their Q4 2024 earnings per share estimates for IAMGOLD in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the mining company will post earnings of $0.23 per share for the quarter, down from their prior forecast of $0.28. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Stifel Canada also issued estimates for IAMGOLD’s FY2026 earnings at $1.41 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same quarter in the prior year, the firm earned ($0.01) earnings per share.

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

IAMGOLD Price Performance

Shares of TSE IMG opened at C$9.27 on Thursday. The stock’s 50-day simple moving average is C$7.94 and its 200-day simple moving average is C$7.22. The firm has a market capitalization of C$5.29 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a fifty-two week low of C$3.15 and a fifty-two week high of C$9.68. 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 IAMGOLD stock in a transaction dated 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, Director Renaud Adams acquired 36,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were bought at an average cost of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is currently owned by corporate 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.