Research Analysts Offer Predictions for IAMGOLD Co.’s Q1 2024 Earnings (TSE:IMG)

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Cormark raised their Q1 2024 earnings estimates for shares of IAMGOLD in a report issued 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 previous forecast of ($0.01). The consensus estimate for IAMGOLD’s current full-year earnings is $0.07 per share.

Several other research firms have also weighed in on IMG. Canaccord Genuity Group lifted their price objective on shares of IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday. Stifel Nicolaus boosted their price target on shares of IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. Bank of America boosted their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, National Bankshares boosted their price target on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$4.99.

IAMGOLD Stock Performance

TSE:IMG opened at C$5.05 on Tuesday. The company has a fifty day moving average of C$4.27 and a 200-day moving average of C$3.64. The firm has a market capitalization of C$2.51 billion, a P/E ratio of 21.04, a P/E/G ratio of -0.28 and a beta of 1.44. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$5.38.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.06. The company had revenue of C$405.19 million during the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%.

IAMGOLD Company Profile

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.