IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) – Research analysts at National Bank Financial issued their FY2024 EPS estimates for shares of IAMGOLD in a report released on Tuesday, February 28th. National Bank Financial analyst M. Parkin forecasts that the mining company will post earnings per share of $0.13 for the year. The consensus estimate for IAMGOLD’s current full-year earnings is ($0.03) per share.
IAG has been the topic of several other research reports. CIBC raised shares of IAMGOLD from a “sector underperform” rating to a “neutral” rating and set a $2.10 target price on the stock in a research note on Tuesday, December 20th. BMO Capital Markets lifted their price objective on shares of IAMGOLD from $1.75 to $2.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 20th. Canaccord Genuity Group raised shares of IAMGOLD from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $1.50 to $3.00 in a research note on Tuesday, December 20th. TD Securities lifted their price objective on shares of IAMGOLD from C$3.25 to C$4.00 in a research note on Wednesday, December 21st. Finally, Stifel Nicolaus raised shares of IAMGOLD from a “sell” rating to a “hold” rating in a research note on Tuesday, December 20th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.68.
IAMGOLD Stock Down 0.9 %
Institutional Trading of IAMGOLD
Several hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC raised its holdings in IAMGOLD by 34.2% during the 4th quarter. Continuum Advisory LLC now owns 19,600 shares of the mining company’s stock worth $51,000 after buying an additional 5,000 shares during the period. Great West Life Assurance Co. Can raised its holdings in IAMGOLD by 23.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 36,927 shares of the mining company’s stock worth $137,000 after buying an additional 6,913 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in IAMGOLD by 14.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,349 shares of the mining company’s stock worth $157,000 after buying an additional 7,890 shares during the period. Citigroup Inc. acquired a new stake in IAMGOLD during the 1st quarter worth approximately $31,000. Finally, HBK Sorce Advisory LLC acquired a new stake in IAMGOLD during the 4th quarter worth approximately $28,000. 48.57% of the stock is currently owned by institutional investors and hedge funds.
IAMGOLD Company Profile
IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. It owns and operates the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario. The firm also operates the Rosebel mine in Suriname, the Essakane mine in Burkina Faso, the Saramacca project, an exploration project located in Suriname, the Boto project, an exploration project located in Senegal.
- Get a free copy of the StockNews.com research report on IAMGOLD (IAG)
- Hormel Hits 2-Year Low, And The Dip Gets Bought
- Here’s Why Ross Could Soon Be Hitting All Time Highs
- The Bottom Is In For Salesforce.com
- It’s Time For A Fresh Look At The Kroger Co.
- West Fraser’s Earnings Scream Timber, Outlook Says Buy
Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.