Q3 2024 EPS Estimates for IAMGOLD Co. Lifted by Raymond James (TSE:IMG)

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Raymond James lifted their Q3 2024 earnings estimates for IAMGOLD in a research report issued to clients and investors on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.24 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.33 EPS and FY2025 earnings at $1.32 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million for the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%.

Several other equities analysts have also weighed in on IMG. National Bankshares upped their price objective on shares of IAMGOLD from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Royal Bank of Canada downgraded IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group increased their target price on IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$5.70.

IAMGOLD Price Performance

IAMGOLD stock opened at C$7.13 on Thursday. The stock has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 22.94, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 52-week low of C$2.71 and a 52-week high of C$7.55. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The stock’s 50 day moving average price is C$6.42 and its two-hundred day moving average price is C$5.56.

Insider Buying and Selling at IAMGOLD

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% of the company’s stock.

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.