Stifel Canada Estimates Iamgold’s FY2026 Earnings (NYSE:IAG)

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Stock analysts at Stifel Canada lifted their FY2026 earnings per share (EPS) estimates for shares of Iamgold in a research note issued to investors on Monday, October 20th. Stifel Canada analyst I. Rico now expects that the mining company will post earnings per share of $1.63 for the year, up from their prior estimate of $0.95. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Iamgold’s current full-year earnings is $0.67 per share. Stifel Canada also issued estimates for Iamgold’s FY2027 earnings at $1.34 EPS.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Thursday, August 7th. The mining company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Iamgold had a return on equity of 8.54% and a net margin of 40.61%.The company had revenue of $587.21 million for the quarter, compared to analyst estimates of $663.21 million.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Iamgold in a research note on Wednesday, October 8th. Scotiabank lifted their target price on Iamgold from $8.50 to $15.00 and gave the stock a “sector perform” rating in a report on Thursday. Royal Bank Of Canada upgraded Iamgold from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $9.00 to $14.00 in a report on Wednesday, September 10th. CIBC lifted their target price on Iamgold from $10.40 to $19.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Finally, Raymond James Financial lifted their target price on Iamgold from $9.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $15.25.

Iamgold Stock Down 1.4%

Shares of Iamgold stock opened at $11.88 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.31. Iamgold has a 12 month low of $4.89 and a 12 month high of $14.67. The business has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $8.59. The stock has a market cap of $6.83 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.43 and a beta of 1.24.

Institutional Trading of Iamgold

Institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Iamgold in the first quarter valued at about $647,000. Mudita Advisors LLP lifted its holdings in shares of Iamgold by 41.1% in the first quarter. Mudita Advisors LLP now owns 2,081,400 shares of the mining company’s stock valued at $13,002,000 after purchasing an additional 606,795 shares in the last quarter. U S Global Investors Inc. lifted its holdings in shares of Iamgold by 150.0% in the second quarter. U S Global Investors Inc. now owns 500,000 shares of the mining company’s stock valued at $3,675,000 after purchasing an additional 300,000 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Iamgold by 28.0% in the first quarter. Cerity Partners LLC now owns 75,250 shares of the mining company’s stock valued at $470,000 after purchasing an additional 16,475 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Iamgold by 55.7% in the first quarter. Amundi now owns 5,343,801 shares of the mining company’s stock valued at $34,895,000 after purchasing an additional 1,911,840 shares in the last quarter. 47.08% of the stock is currently owned by institutional investors.

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.