What is Raymond James’ Estimate for IAMGOLD FY2024 Earnings?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Raymond James decreased their FY2024 earnings per share estimates for IAMGOLD in a report released on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.88 per share for the year, down from their prior estimate of $0.91. Raymond James has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.23 EPS and Q2 2025 earnings at $0.28 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same period last year, the business posted ($0.01) earnings per share.

A number of other analysts have also commented on IMG. National Bankshares reduced their target price on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a report on Thursday, January 9th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus boosted their price target on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$8.30.

IAMGOLD Stock Up 1.6 %

IAMGOLD stock opened at C$9.27 on Thursday. The firm has a market cap of C$5.29 billion, a price-to-earnings ratio of 28.97, a PEG ratio of -0.28 and a beta of 1.47. The stock has a fifty day simple moving average of C$7.94 and a two-hundred day simple moving average of C$7.22. IAMGOLD has a 12 month low of C$3.15 and a 12 month high of C$9.68. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Insider Activity

In other IAMGOLD news, Director Renaud Adams acquired 36,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. Company insiders own 0.10% of the company’s stock.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.