What is Scotiabank’s Forecast for IAMGOLD FY2025 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Scotiabank upped their FY2025 earnings estimates for shares of IAMGOLD in a note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $1.47 per share for the year, up from their prior forecast of $1.26. 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, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$984.02 million for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%.

Several other analysts also recently issued reports on the stock. Stifel Nicolaus raised shares of IAMGOLD from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$11.00 to C$28.00 in a report on Monday, October 20th. National Bankshares increased their price target on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, TD Securities raised their price target on shares of IAMGOLD from C$24.00 to C$34.00 in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$25.17.

IAMGOLD Stock Down 12.1%

Shares of IAMGOLD stock opened at C$24.71 on Monday. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. IAMGOLD has a 52-week low of C$7.27 and a 52-week high of C$30.30. The stock has a 50-day simple moving average of C$23.55 and a 200-day simple moving average of C$17.88. The firm has a market cap of C$14.65 billion, a price-to-earnings ratio of 43.35, a P/E/G ratio of -0.28 and a beta of 1.49.

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.