FY2022 EPS Estimates for IAMGOLD Co. Raised by National Bank Financial (TSE:IMG)

IAMGOLD Co. (TSE:IMGGet Rating) (NYSE:IAG) – National Bank Financial upped their FY2022 earnings per share (EPS) estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, April 19th. National Bank Financial analyst M. Parkin now forecasts that the mining company will earn $0.15 per share for the year, up from their prior forecast of ($0.18). National Bank Financial currently has a “Outperform” rating and a $4.50 price target on the stock. National Bank Financial also issued estimates for IAMGOLD’s FY2023 earnings at $0.39 EPS.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group boosted their target price on IAMGOLD from C$3.50 to C$4.00 in a report on Friday, March 4th. National Bankshares boosted their target price on IAMGOLD from C$5.00 to C$5.50 in a report on Wednesday. Royal Bank of Canada downgraded IAMGOLD from a “sector perform” rating to a “sell” rating and set a C$2.00 price target on the stock. in a report on Wednesday. BMO Capital Markets downgraded IAMGOLD from an “outperform” rating to a “hold” rating and set a C$2.75 price target on the stock. in a report on Monday. Finally, TD Securities upped their price target on IAMGOLD from C$5.00 to C$5.50 in a report on Wednesday, January 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, IAMGOLD presently has a consensus rating of “Hold” and a consensus target price of C$4.04.

IAMGOLD stock opened at C$4.01 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.03 and a debt-to-equity ratio of 22.87. The business’s fifty day simple moving average is C$4.22 and its two-hundred day simple moving average is C$3.80. IAMGOLD has a 12 month low of C$2.75 and a 12 month high of C$4.74. The company has a market capitalization of C$1.92 billion and a price-to-earnings ratio of -5.96.

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) last issued its quarterly earnings results on Wednesday, February 23rd. The mining company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$371.42 million during the quarter.

In related news, Senior Officer Timothy Bradburn sold 74,794 shares of the stock in a transaction dated Monday, March 21st. The stock was sold at an average price of C$4.30, for a total transaction of C$321,614.20. Following the completion of the sale, the insider now owns 16,800 shares in the company, valued at C$72,240. Also, Senior Officer Peter Gordon Stothart bought 22,057 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The shares were acquired at an average price of C$4.28 per share, with a total value of C$94,403.96. Following the transaction, the insider now directly owns 438,227 shares of the company’s stock, valued at approximately C$1,875,611.56.

About IAMGOLD (Get Rating)

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

Further Reading

Earnings History and Estimates for IAMGOLD (TSE:IMG)

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