IAMGOLD Co. (TSE:IMG – Free Report) (NYSE:IAG) – Scotiabank upped their FY2027 earnings estimates for IAMGOLD in a research note issued to investors on Thursday, May 14th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $2.67 per share for the year, up from their previous forecast of $2.63. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.
A number of other brokerages have also recently issued reports on IMG. TD Securities raised their target price on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Stifel Nicolaus increased their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. National Bank Financial boosted their price objective on shares of IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, April 17th. BMO Capital Markets upped their target price on shares of IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Finally, Bank of America increased their target price on shares of IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$32.07.
IAMGOLD Stock Down 1.6%
Shares of IAMGOLD stock opened at C$25.38 on Friday. The business has a fifty day simple moving average of C$25.83 and a 200 day simple moving average of C$24.43. The stock has a market cap of C$14.67 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of -0.28 and a beta of 2.11. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02. IAMGOLD has a 12 month low of C$8.46 and a 12 month high of C$34.09.
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its earnings results on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. The firm had revenue of C$1.43 billion during the quarter. IAMGOLD had a net margin of 29.53% and a return on equity of 26.05%.
Insider Transactions at IAMGOLD
In other IAMGOLD news, Director Daniel Racine purchased 5,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of C$26.28 per share, with a total value of C$131,400.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at C$131,400. This trade represents a ∞ increase in their position. Also, insider Ankit Shah acquired 9,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of C$26.03 per share, with a total value of C$251,371.71. Following the completion of the transaction, the insider directly owned 9,657 shares in the company, valued at C$251,371.71. This trade represents a ∞ increase in their position. Company insiders own 0.10% of the company’s stock.
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.
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