Scotiabank Issues Pessimistic Forecast for IAMGOLD Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Scotiabank decreased their FY2026 earnings per share estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $0.61 per share for the year, down from their previous estimate of $0.78. 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. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Finally, National Bankshares raised their price target on IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, IAMGOLD has a consensus rating of “Buy” and a consensus price target of C$8.68.

IAMGOLD Trading Up 1.4 %

TSE IMG opened at C$8.63 on Monday. The stock’s 50 day moving average is C$8.53 and its 200 day moving average is C$7.82. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The firm has a market capitalization of C$3.51 billion, a PE ratio of 4.48, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$4.17 and a twelve month high of C$9.68.

Insiders Place Their Bets

In related news, Senior Officer Bruno Lemelin sold 15,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Christiane Bergevin bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of C$8.29 per share, for a total transaction of C$41,450.00. In the last quarter, insiders acquired 45,800 shares of company stock valued at $370,999. Corporate 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.