Scotiabank Weighs in on IAMGOLD’s FY2026 Earnings (TSE:IMG)

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Scotiabank boosted their FY2026 earnings estimates for shares of IAMGOLD in a research note issued to investors on Thursday, February 26th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $2.55 per share 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.

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

A number of other research analysts have also recently weighed in on the stock. National Bank Financial boosted their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. TD Securities lifted their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. Finally, Bank of America increased their price objective on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday. One equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$31.25.

IAMGOLD Stock Performance

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

About IAMGOLD

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.