What is Scotiabank’s Forecast for IAMGOLD FY2027 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Scotiabank dropped their FY2027 EPS estimates for IAMGOLD in a note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $2.60 per share for the year, down from their prior estimate of $2.67. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

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

IAMGOLD Stock Performance

Shares of IMG stock opened at C$19.78 on Monday. 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. 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 one year low of C$9.26 and a one year high of C$34.09. The company’s 50-day moving average is C$23.05 and its 200 day moving average is C$25.31.

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

Insider Activity

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

IAMGOLD Company Profile

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.