Brokers Issue Forecasts for IAMGOLD Co.’s Q1 2024 Earnings (TSE:IMG)

IAMGOLD Co. (TSE:IMG – Get Rating) (NYSE:IAG) – Stock analysts at Raymond James issued their Q1 2024 EPS estimates for IAMGOLD in a research note issued on Thursday, May 18th. Raymond James analyst F. Hamed anticipates that the mining company will post earnings per share of $0.09 for the quarter. The consensus estimate for IAMGOLD’s current full-year earnings is ($0.01) per share. Raymond James also issued estimates for IAMGOLD’s Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.09 EPS and Q4 2024 earnings at $0.09 EPS.

Other research analysts have also issued reports about the stock. TD Securities raised their target price on shares of IAMGOLD from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Tuesday, May 16th. Bank of America raised their target price on shares of IAMGOLD from C$3.65 to C$4.35 in a report on Wednesday, April 5th. Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$3.25 to C$3.50 in a research note on Thursday, April 20th. National Bankshares dropped their price objective on shares of IAMGOLD from C$5.00 to C$4.75 and set a “sector perform” rating for the company in a research note on Wednesday, May 17th. Finally, Cormark dropped their price objective on shares of IAMGOLD from C$5.75 to C$4.50 in a research note on Tuesday, February 21st.

IAMGOLD Trading Up 1.9 %

IMG stock opened at C$3.76 on Monday. The firm has a fifty day moving average price of C$3.88 and a 200 day moving average price of C$3.38. IAMGOLD has a fifty-two week low of C$1.27 and a fifty-two week high of C$4.53. The company has a debt-to-equity ratio of 44.97, a quick ratio of 1.19 and a current ratio of 2.35. The firm has a market cap of C$1.81 billion, a PE ratio of -23.50, a price-to-earnings-growth ratio of -0.28 and a beta of 1.35.

IAMGOLD (TSE:IMG – Get Rating) (NYSE:IAG) last posted its earnings results on Thursday, February 16th. The mining company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The company had revenue of C$281.32 million for the quarter.

About IAMGOLD

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IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.