What is Scotiabank’s Forecast for IAMGOLD FY2026 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share estimates for IAMGOLD in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $2.50 per share for the year, down from their prior estimate of $2.56. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. The business had revenue of C$1.43 billion during the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%.

Several other equities research analysts also recently weighed in on the stock. National Bank Financial increased their target price on shares of IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. BMO Capital Markets upped their price objective on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$32.07.

IAMGOLD Stock Down 5.4%

Shares of TSE:IMG opened at C$19.94 on Friday. IAMGOLD has a 1-year low of C$9.26 and a 1-year high of C$34.09. The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19. The stock has a market cap of C$11.53 billion, a P/E ratio of 11.66, a P/E/G ratio of -0.28 and a beta of 2.16. The firm has a fifty day moving average price of C$23.17 and a 200 day moving average price of C$25.33.

Insiders Place Their Bets

In other news, Director Renaud Adams purchased 13,700 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of C$21.89 per share, for a total transaction of C$299,893.00. Following the completion of the purchase, the director directly owned 646,867 shares in the company, valued at C$14,159,918.63. The trade was a 2.16% increase in their position. Also, insider Ankit Shah purchased 9,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of C$26.03 per share, with a total value of C$251,371.71. Following the completion of the acquisition, the insider directly owned 9,657 shares of the company’s stock, valued at C$251,371.71. This represents a ∞ increase in their ownership of the stock. In the last quarter, insiders bought 33,023 shares of company stock worth $782,657. 0.10% of the stock is owned by insiders.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.