Iamgold FY2025 EPS Raised by National Bank Financial

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial raised their FY2025 EPS estimates for Iamgold in a research note issued on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now forecasts that the mining company will earn $0.96 per share for the year, up from their prior forecast of $0.88. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Iamgold’s current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for Iamgold’s FY2026 earnings at $1.51 EPS.

Other equities analysts also recently issued reports about the company. BMO Capital Markets started coverage on Iamgold in a research report on Wednesday, April 16th. They set an “outperform” rating for the company. CIBC reissued an “outperform” rating on shares of Iamgold in a research report on Tuesday. National Bankshares reaffirmed an “outperform” rating on shares of Iamgold in a report on Tuesday, June 24th. Raymond James Financial raised Iamgold to a “hold” rating and set a $8.00 price target for the company in a report on Monday, June 30th. Finally, Scotiabank upped their price target on Iamgold from $7.50 to $7.75 and gave the company a “sector perform” rating in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Iamgold presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.53.

Iamgold Stock Performance

Shares of Iamgold stock opened at $6.91 on Friday. Iamgold has a one year low of $3.44 and a one year high of $8.38. The company has a market cap of $3.97 billion, a PE ratio of 4.90, a P/E/G ratio of 0.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.41. The business has a 50-day simple moving average of $7.09 and a 200-day simple moving average of $6.51.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Iamgold had a return on equity of 9.26% and a net margin of 45.42%. The business had revenue of $457.23 million during the quarter, compared to the consensus estimate of $578.70 million.

Institutional Investors Weigh In On Iamgold

Several large investors have recently modified their holdings of IAG. Bank of New York Mellon Corp boosted its holdings in shares of Iamgold by 12.7% in the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock valued at $181,000 after acquiring an additional 3,961 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Iamgold in the fourth quarter valued at approximately $107,000. Swiss National Bank boosted its holdings in shares of Iamgold by 0.6% in the fourth quarter. Swiss National Bank now owns 1,127,300 shares of the mining company’s stock valued at $5,824,000 after acquiring an additional 6,800 shares during the period. Northwest & Ethical Investments L.P. boosted its holdings in shares of Iamgold by 4.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock valued at $473,000 after acquiring an additional 4,013 shares during the period. Finally, Semanteon Capital Management LP boosted its holdings in shares of Iamgold by 22.6% in the fourth quarter. Semanteon Capital Management LP now owns 117,767 shares of the mining company’s stock valued at $608,000 after acquiring an additional 21,675 shares during the period. 47.08% of the stock is owned by institutional investors and hedge funds.

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.