What is Scotiabank’s Forecast for IAMGOLD FY2026 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Scotiabank dropped their FY2026 earnings estimates for shares of IAMGOLD in a note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $2.50 for the year, down from their previous estimate of $2.56. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Other equities analysts have also recently issued research reports about the company. National Bank Financial boosted their price target on IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. BMO Capital Markets increased their price objective on IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$32.07.

IAMGOLD Price Performance

Shares of IMG opened at C$19.78 on Friday. The company has a debt-to-equity ratio of 15.02, a quick ratio of 1.19 and a current ratio of 1.89. IAMGOLD has a fifty-two week low of C$9.26 and a fifty-two week high of C$34.09. The firm has a 50-day simple moving average of C$23.05 and a 200-day simple moving average of C$25.29. The company has a market capitalization of C$11.43 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of -0.28 and a beta of 2.16.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. IAMGOLD had a net margin of 29.53% and a return on equity of 26.05%. The company had revenue of C$1.43 billion for the quarter.

Insiders Place Their Bets

In other news, Director Renaud Adams bought 13,700 shares of the stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of C$21.89 per share, with a total value of C$299,893.00. Following the completion of the acquisition, the director directly owned 646,867 shares in the company, valued at approximately C$14,159,918.63. The trade was a 2.16% increase in their ownership of the stock. Also, insider Ankit Shah bought 9,657 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of C$26.03 per share, for a total transaction of C$251,371.71. Following the acquisition, the insider owned 9,657 shares of the company’s stock, valued at approximately C$251,371.71. This represents a ∞ increase in their ownership of the stock. In the last quarter, insiders bought 33,023 shares of company stock worth $782,657. 0.10% of the stock is owned by insiders.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.