IAMGOLD FY2025 EPS Lifted by National Bank Financial

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, December 17th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings per share of $0.97 for the year, up from their previous estimate of $0.94. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share.

Other analysts have also issued reports about the stock. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and increased their target price for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price objective on shares of IAMGOLD in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, IAMGOLD has a consensus rating of “Moderate Buy” and an average target price of $6.68.

IAMGOLD Price Performance

IAMGOLD stock traded up $0.05 during midday trading on Thursday, hitting $5.13. The company’s stock had a trading volume of 601,254 shares, compared to its average volume of 8,821,736. IAMGOLD has a 12 month low of $2.23 and a 12 month high of $6.37. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.93 billion, a PE ratio of 4.01 and a beta of 1.56. The stock’s 50-day moving average price is $5.43 and its 200-day moving average price is $4.79.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. ORG Partners LLC bought a new stake in shares of IAMGOLD during the third quarter valued at approximately $29,000. Eastern Bank acquired a new position in IAMGOLD in the third quarter worth about $30,000. Aigen Investment Management LP boosted its holdings in IAMGOLD by 10.6% during the third quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock valued at $368,000 after purchasing an additional 6,704 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of IAMGOLD by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock worth $1,392,000 after buying an additional 6,874 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in IAMGOLD by 3.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock valued at $1,154,000 after buying an additional 8,972 shares in the last quarter. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.