Scotiabank Brokers Increase Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Scotiabank lifted their FY2026 earnings estimates for IAMGOLD in a report issued on Thursday, February 26th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $2.55 for the year, up from their prior forecast of $2.53. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Other equities research analysts have also recently issued research reports about the stock. TD Securities upped their price objective on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. Bank of America upped their target price on IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday. Finally, National Bank Financial raised their target price on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$31.25.

IAMGOLD Price Performance

Shares of TSE:IMG opened at C$33.56 on Monday. The company has a market capitalization of C$19.76 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of -0.28 and a beta of 1.60. The company’s 50-day moving average is C$26.62 and its 200 day moving average is C$20.57. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. IAMGOLD has a fifty-two week low of C$7.27 and a fifty-two week high of C$33.64.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Tuesday, February 17th. The mining company reported C$0.96 earnings per share for the quarter. The firm had revenue of C$1.46 billion for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.