Scotiabank Weighs in on Iamgold’s FY2026 Earnings (NYSE:IAG)

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Scotiabank cut their FY2026 earnings per share estimates for Iamgold in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings of $1.78 per share for the year, down from their prior forecast of $1.87. Scotiabank currently has a “Sector Perform” rating and a $22.00 target price on the stock. The consensus estimate for Iamgold’s current full-year earnings is $2.05 per share.

Several other equities analysts have also recently weighed in on IAG. Royal Bank Of Canada decreased their price target on shares of Iamgold from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Zacks Research cut shares of Iamgold from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings cut shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Finally, Bank of America decreased their target price on shares of Iamgold from $22.50 to $21.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Iamgold Trading Down 0.5%

NYSE IAG opened at $14.12 on Friday. Iamgold has a 52 week low of $6.69 and a 52 week high of $24.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.89. The stock’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $18.30. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.61 and a beta of 1.30.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Tuesday, May 5th. The mining company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. Iamgold had a return on equity of 26.65% and a net margin of 29.49%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $955.17 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IAG. Allspring Global Investments Holdings LLC grew its holdings in Iamgold by 11.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,917,300 shares of the mining company’s stock worth $64,645,000 after purchasing an additional 408,800 shares during the period. Rathbones Group PLC raised its stake in Iamgold by 1,037,042.8% in the fourth quarter. Rathbones Group PLC now owns 418,901,982 shares of the mining company’s stock valued at $6,907,694,000 after buying an additional 418,861,592 shares during the period. Ninety One UK Ltd lifted its position in shares of Iamgold by 22.3% in the fourth quarter. Ninety One UK Ltd now owns 5,144,604 shares of the mining company’s stock valued at $84,835,000 after buying an additional 938,855 shares during the last quarter. PKO Investment Management Joint Stock Co lifted its position in shares of Iamgold by 42.1% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 270,000 shares of the mining company’s stock valued at $4,464,000 after buying an additional 80,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Iamgold by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 23,836,156 shares of the mining company’s stock worth $393,328,000 after acquiring an additional 1,068,465 shares during the period. 47.08% of the stock is owned by institutional investors and hedge funds.

Iamgold Company Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.