Scotiabank Has Optimistic Outlook of IAMGOLD FY2027 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Scotiabank boosted their FY2027 earnings estimates for shares of IAMGOLD in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $2.65 per share for the year, up from their prior estimate of $2.60. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Separately, National Bank Financial raised their price target on IAMGOLD from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$31.07.

IAMGOLD Stock Up 4.0%

Shares of TSE IMG opened at C$30.22 on Monday. The firm has a market cap of C$17.26 billion, a price-to-earnings ratio of 15.26, a PEG ratio of -0.28 and a beta of 2.15. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. IAMGOLD has a 52-week low of C$12.07 and a 52-week high of C$34.09. The business’s 50 day moving average is C$22.97 and its two-hundred day moving average is C$24.96.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. IAMGOLD had a net margin of 31.46% and a return on equity of 28.08%. The firm had revenue of C$1.22 billion during the quarter.

Insider Transactions at IAMGOLD

In other IAMGOLD news, insider Ankit Shah purchased 4,666 shares of IAMGOLD stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of C$21.43 per share, with a total value of C$99,992.38. Following the completion of the transaction, the insider owned 14,323 shares of the company’s stock, valued at C$306,941.89. This trade represents a 48.32% increase in their ownership of the stock. Also, Director Renaud Adams purchased 13,700 shares of IAMGOLD 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 transaction, the director directly owned 646,867 shares of the company’s stock, valued at approximately C$14,159,918.63. This represents a 2.16% increase in their position. 0.10% of the stock is owned by corporate insiders.

IAMGOLD Company Profile

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.