Scotiabank Has Optimistic Outlook of IAMGOLD FY2025 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Scotiabank raised their FY2025 earnings per share estimates for IAMGOLD in a report released on Friday, January 30th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $1.47 for the year, up from their previous 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 issued its earnings results on Tuesday, November 4th. The mining company reported C$0.30 earnings per share for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The firm had revenue of C$984.02 million for the quarter.

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

IAMGOLD Stock Performance

IAMGOLD stock opened at C$26.64 on Monday. The business has a 50 day moving average of C$23.77 and a 200-day moving average of C$18.11. The company has a market capitalization of C$15.80 billion, a P/E ratio of 46.74, a P/E/G ratio of -0.28 and a beta of 1.60. IAMGOLD has a 1 year low of C$7.27 and a 1 year high of C$30.30. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

About IAMGOLD

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.