Q1 2024 Earnings Estimate for IAMGOLD Co. (TSE:IMG) Issued By Cormark

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Cormark lifted their Q1 2024 earnings per share estimates for shares of IAMGOLD in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for IAMGOLD’s current full-year earnings is $0.07 per share.

A number of other equities analysts have also weighed in on the company. Canaccord Genuity Group lifted their price objective on IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday. Stifel Nicolaus lifted their price objective on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. Bank of America lifted their price objective on IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, National Bankshares lifted their price objective on IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, IAMGOLD has an average rating of “Hold” and a consensus price target of C$4.99.

IAMGOLD Stock Performance

Shares of IMG opened at C$4.95 on Tuesday. The stock has a 50-day moving average of C$4.30 and a two-hundred day moving average of C$3.65. IAMGOLD has a one year low of C$2.71 and a one year high of C$5.38. The company has a debt-to-equity ratio of 42.05, a quick ratio of 1.19 and a current ratio of 1.20. The stock has a market cap of C$2.46 billion, a P/E ratio of 20.63, a P/E/G ratio of -0.28 and a beta of 1.44.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The company had revenue of C$405.19 million during the quarter.

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.