Scotiabank Has Negative Outlook for IAMGOLD FY2026 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Scotiabank decreased their FY2026 earnings per share estimates for shares of IAMGOLD in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings per share of $0.43 for the year, down from their previous estimate of $0.54. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

IAG has been the topic of a number of other reports. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, CIBC upped their price objective on IAMGOLD from $7.60 to $8.40 and gave the stock an “outperformer” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, IAMGOLD currently has an average rating of “Moderate Buy” and a consensus price target of $6.90.

IAMGOLD Stock Down 2.5 %

IAG stock opened at $6.05 on Monday. IAMGOLD has a twelve month low of $3.01 and a twelve month high of $6.69. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.46 billion, a P/E ratio of 4.17 and a beta of 1.63. The business’s 50-day moving average price is $5.93 and its 200-day moving average price is $5.55.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.

Hedge Funds Weigh In On IAMGOLD

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tobam purchased a new position in IAMGOLD during the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised its position in IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after acquiring an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new position in IAMGOLD during the fourth quarter valued at approximately $56,000. Atria Wealth Solutions Inc. purchased a new position in IAMGOLD during the fourth quarter valued at approximately $68,000. Finally, Choreo LLC purchased a new position in IAMGOLD during the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 47.08% of the company’s stock.

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.