Scotiabank Estimates Iamgold’s FY2026 Earnings (NYSE:IAG)

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Equities research analysts at Scotiabank raised their FY2026 earnings estimates for Iamgold in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $1.81 per share for the year, up from their prior estimate of $1.78. Scotiabank currently has a “Sector Perform” rating and a $23.00 price target on the stock. The consensus estimate for Iamgold’s current full-year earnings is $1.92 per share. Scotiabank also issued estimates for Iamgold’s FY2027 earnings at $1.92 EPS.

Several other equities analysts have also recently commented on IAG. Bank of America reduced their price target on shares of Iamgold from $22.50 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Wall Street Zen raised Iamgold from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group started coverage on Iamgold in a research note on Thursday, August 20th. They set a “buy” rating and a $24.00 price objective on the stock. Weiss Ratings downgraded Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada decreased their target price on Iamgold from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Iamgold Price Performance

IAG opened at $22.16 on Monday. The company has a market capitalization of $12.72 billion, a P/E ratio of 11.19, a PEG ratio of 1.16 and a beta of 1.32. The company has a 50-day moving average of $16.43 and a 200-day moving average of $18.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.05 and a current ratio of 1.71. Iamgold has a 1-year low of $8.86 and a 1-year high of $24.87.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, August 6th. The mining company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $845.97 million for the quarter, compared to the consensus estimate of $882.92 million. Iamgold had a net margin of 31.40% and a return on equity of 28.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Walleye Capital LLC bought a new stake in Iamgold in the second quarter valued at $12,969,000. PKO Investment Management Joint Stock Co grew its position in shares of Iamgold by 42.1% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 270,000 shares of the mining company’s stock worth $4,464,000 after acquiring an additional 80,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Iamgold by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 23,836,156 shares of the mining company’s stock worth $393,328,000 after acquiring an additional 1,068,465 shares during the period. Bank of America Corp DE increased its holdings in shares of Iamgold by 4.7% in the 1st quarter. Bank of America Corp DE now owns 9,589,342 shares of the mining company’s stock worth $180,471,000 after acquiring an additional 434,188 shares during the period. Finally, L1 Capital Pty Ltd lifted its position in Iamgold by 961.5% in the 4th quarter. L1 Capital Pty Ltd now owns 1,252,077 shares of the mining company’s stock valued at $20,647,000 after purchasing an additional 1,134,119 shares during the last quarter. 47.08% of the stock is currently owned by institutional investors.

About Iamgold

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.