IAMGOLD's FY2026 Earnings Outlook Improved by National Bank Financial

On December 17th, 2024, analysts at National Bank Financial revised their earnings forecasts for IAMGOLD Company (TSE:IMG – Free Report) (NYSE:IAG) for FY2026. According to analyst M. Parkin, the updated estimate indicates that IAMGOLD is expected to earn $1.68 per share, an increase from the previous prediction of $1.58 per share. This positive change reflects the bank's continued confidence in the mining company's performance, leading to a "Strong-Buy" rating on its stock. The estimated earnings per share for IAMGOLD in the current full year is reported to be $1.11.

Several other analysts have also provided insights into IAMGOLD's stock in recent days. For instance, Stifel Nicolaus raised its price target on IAMGOLD from C$6.00 to C$9.00 in late October. Canaccord Genuity Group upgraded IAMGOLD from a "hold" to a "strong-buy" in their report released shortly after. Conversely, Royal Bank of Canada decreased its rating from a "moderate buy" to a "hold" in September. National Bankshares also lifted their target price for IAMGOLD from C$12.00 to C$12.50 and assigned it an "outperform" rating. CIBC World Markets upgraded IAMGOLD from a "hold" to a "strong-buy" in early December. Currently, the stock has received two hold ratings, one buy rating, and three strong buy ratings, leading to an average rating of "Buy" with a price target of C$8.43, according to MarketBeat.com.

Recent Stock Performance

On the trading day following these developments, IAMGOLD's stock rose by 1.5%. The shares opened at C$7.46. The moving averages indicate a fifty-day average price of C$7.60 and a two-hundred-day average of C$6.58. Over the past year, IAMGOLD's stock has seen a low of C$3.00 and a high of C$8.80. The company maintains a current ratio of 1.34, a quick ratio of 1.19, and a debt-to-equity ratio of 35.17. As of now, IAMGOLD boasts a market capitalization of C$4.25 billion, a P/E ratio of 23.31, a PEG ratio of -0.28, and a beta of 1.47.

Insider Transactions

In related news, IAMGOLD's Director Renaud Adams purchased 36,000 shares of the company on November 12th at an average price of C$6.95 per share, totaling C$250,102.80. Meanwhile, Senior Officer Timothy Bradburn sold 16,800 shares on December 9th, fetching an average of C$8.10 per share for a total of C$136,080. Corporate insiders own a minor 0.10% stake in IAMGOLD.

Company Overview

IAMGOLD Corporation, through its various subsidiaries, is recognized as an intermediate gold producer and developer in Canada and Burkina Faso. The company holds a 100% interest in the Westwood project in Quebec, a 60% interest in the Côté gold project located in Ontario, and a 90% interest in the Essakane project in Burkina Faso.

IAMGOLD, Earnings, Analysts