FY2022 Earnings Estimate for IAMGOLD Co. Issued By National Bank Financial (TSE:IMG)

IAMGOLD Co. (TSE:IMGGet Rating) (NYSE:IAG) – Investment analysts at National Bank Financial boosted their FY2022 earnings per share (EPS) estimates for IAMGOLD in a note issued to investors on Wednesday, May 4th. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings of $0.18 per share for the year, up from their previous estimate of $0.15. National Bank Financial has a “Outperform” rating and a $4.50 price objective on the stock. National Bank Financial also issued estimates for IAMGOLD’s FY2023 earnings at $0.46 EPS.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group downgraded shares of IAMGOLD from a “hold” rating to a “sell” rating and lowered their target price for the company from C$4.50 to C$2.75 in a report on Wednesday. TD Securities lowered their target price on shares of IAMGOLD from C$6.50 to C$5.00 and set a “buy” rating for the company in a report on Thursday. Cormark lowered their target price on shares of IAMGOLD from C$4.50 to C$3.00 and set a “market perform” rating for the company in a report on Thursday. BMO Capital Markets downgraded shares of IAMGOLD from an “outperform” rating to a “hold” rating and set a C$2.75 price objective for the company. in a report on Monday, April 18th. Finally, Credit Suisse Group downgraded shares of IAMGOLD to a “sell” rating and set a C$2.50 price objective for the company. in a report on Wednesday. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, IAMGOLD presently has an average rating of “Hold” and a consensus price target of C$3.14.

Shares of IMG stock opened at C$2.66 on Friday. The firm has a 50-day moving average of C$4.13 and a 200-day moving average of C$3.84. The company has a market cap of C$1.27 billion and a P/E ratio of -3.89. The company has a debt-to-equity ratio of 22.87, a current ratio of 1.64 and a quick ratio of 1.03. IAMGOLD has a one year low of C$2.52 and a one year high of C$4.74.

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

In other news, Senior Officer Timothy Bradburn sold 74,794 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of C$4.30, for a total value of C$321,614.20. Following the completion of the transaction, the insider now directly owns 16,800 shares in the company, valued at C$72,240. Also, Senior Officer Benjamin Richard Little sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of C$3.73, for a total transaction of C$82,060.00. Following the completion of the transaction, the insider now owns 38,617 shares of the company’s stock, valued at C$144,041.41.

IAMGOLD Company Profile (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.

See Also

Earnings History and Estimates for IAMGOLD (TSE:IMG)

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