What is Scotiabank’s Forecast for IAMGOLD FY2026 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Scotiabank dropped their FY2026 earnings per share estimates for IAMGOLD in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $2.50 per share 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.

IMG has been the subject of several other research reports. National Bank Financial increased their target price on IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. BMO Capital Markets upped their price target on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, IAMGOLD presently has a consensus rating of “Buy” and an average price target of C$32.07.

IAMGOLD Trading Down 0.8%

Shares of IMG opened at C$19.78 on Friday. The firm has a fifty day simple moving average of C$23.05 and a two-hundred day simple moving average of C$25.29. IAMGOLD has a twelve month low of C$9.26 and a twelve month high of C$34.09. The stock has a market capitalization of C$11.43 billion, a P/E ratio of 11.57, a PEG ratio of -0.28 and a beta of 2.16. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02.

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

Insider Activity

In other news, insider Ankit Shah purchased 9,657 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average cost of C$26.03 per share, with a total value of C$251,371.71. Following the completion of the purchase, the insider owned 9,657 shares in the company, valued at approximately C$251,371.71. This represents a ∞ increase in their ownership of the stock. Also, Director Daniel Racine purchased 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of C$26.28 per share, with a total value of C$131,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at C$131,400. This represents a ∞ increase in their ownership of the stock. Insiders bought a total of 33,023 shares of company stock worth $782,657 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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.