IAMGOLD Co. (NYSE:IAG) to Post Q1 2024 Earnings of $0.04 Per Share, National Bank Financial Forecasts

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued to clients and investors on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the mining company will post earnings per share of $0.04 for the quarter. National Bank Financial has a “Sector Perform Spec Overwgt” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.06 per share. National Bank Financial also issued estimates for IAMGOLD’s FY2024 earnings at $0.09 EPS and FY2025 earnings at $0.33 EPS.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets boosted their price target on shares of IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a report on Friday, April 5th. Scotiabank boosted their price target on shares of IAMGOLD from $3.25 to $3.75 and gave the company a “sector perform” rating in a report on Thursday, April 18th. CIBC boosted their price target on shares of IAMGOLD from $3.00 to $3.10 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, StockNews.com cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.55.

IAMGOLD Trading Up 6.0 %

IAMGOLD stock opened at $3.70 on Monday. The company’s fifty day simple moving average is $3.14 and its 200-day simple moving average is $2.68. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. IAMGOLD has a 12 month low of $1.99 and a 12 month high of $3.92. The stock has a market cap of $1.84 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.46 and a beta of 1.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. The firm had revenue of $297.60 million for the quarter.

Institutional Trading of IAMGOLD

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new stake in IAMGOLD in the fourth quarter valued at about $26,000. Dynamic Technology Lab Private Ltd bought a new stake in IAMGOLD in the fourth quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC bought a new stake in IAMGOLD in the fourth quarter valued at about $33,000. Koshinski Asset Management Inc. bought a new stake in IAMGOLD in the fourth quarter valued at about $34,000. Finally, Stratos Wealth Partners LTD. bought a new stake in IAMGOLD in the third quarter valued at about $32,000. Institutional investors own 47.08% of the company’s stock.

About IAMGOLD

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.