Scotiabank Has Positive Opinion of IAMGOLD FY2026 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Scotiabank boosted their FY2026 earnings estimates for IAMGOLD in a note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $2.67 per share for the year, up from their prior forecast of $2.50. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Scotiabank also issued estimates for IAMGOLD’s FY2027 earnings at $2.69 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. IAMGOLD had a net margin of 31.46% and a return on equity of 28.08%. The business had revenue of C$1.22 billion for the quarter.

Several other equities analysts have also commented on IMG. National Bank Financial increased their target price on IAMGOLD from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, September 21st. TD set a C$34.00 price target on IAMGOLD and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, Jefferies Financial Group raised IAMGOLD to a “strong-buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$35.83.

IAMGOLD Price Performance

IAMGOLD stock opened at C$24.48 on Thursday. The stock has a market cap of C$13.98 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of -0.28 and a beta of 2.20. The company has a fifty day simple moving average of C$26.36 and a 200-day simple moving average of C$25.45. IAMGOLD has a 12-month low of C$16.69 and a 12-month high of C$34.09. The company has a current ratio of 1.71, a quick ratio of 1.19 and a debt-to-equity ratio of 12.27.

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.