IAMGOLD Co. (TSE:IMG) Expected to Post Q1 2024 Earnings of $0.00 Per Share

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Raymond James raised their Q1 2024 earnings estimates for shares of IAMGOLD in a research report issued on Tuesday, April 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.00 per share for the quarter, up from their prior forecast of ($0.05). The consensus estimate for IAMGOLD’s current full-year earnings is $0.07 per share. Raymond James also issued estimates for IAMGOLD’s Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.14 EPS and FY2024 earnings at $0.32 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The business had revenue of C$405.19 million during the quarter.

A number of other research analysts also recently commented on IMG. National Bankshares boosted their price target on IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Canaccord Genuity Group upped their price target on shares of IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday, April 23rd. Stifel Nicolaus increased their price target on shares of IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th. Finally, Bank of America boosted their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$4.99.

IAMGOLD Stock Performance

TSE:IMG opened at C$5.18 on Friday. The company has a market cap of C$2.57 billion, a price-to-earnings ratio of 21.58, a PEG ratio of -0.28 and a beta of 1.44. IAMGOLD has a fifty-two week low of C$2.71 and a fifty-two week high of C$5.38. The company has a debt-to-equity ratio of 42.05, a quick ratio of 1.19 and a current ratio of 1.20. The stock has a fifty day moving average price of C$4.37 and a 200-day moving average price of C$3.68.

IAMGOLD Company Profile

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.