Scotiabank Has Positive Outlook for Iamgold FY2026 Earnings

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Investment analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Iamgold in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $1.81 per share for the year, up from their prior estimate of $1.78. Scotiabank has a “Sector Perform” rating and a $23.00 price target on the stock. The consensus estimate for Iamgold’s current full-year earnings is $1.92 per share. Scotiabank also issued estimates for Iamgold’s FY2027 earnings at $1.92 EPS.

A number of other brokerages have also weighed in on IAG. Royal Bank Of Canada cut their target price on shares of Iamgold from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Bank of America cut their price objective on Iamgold from $22.50 to $21.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wall Street Zen upgraded Iamgold from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Jefferies Financial Group assumed coverage on Iamgold in a research note on Thursday. They set a “buy” rating and a $24.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Iamgold Trading Up 3.1%

Iamgold stock opened at $21.80 on Monday. Iamgold has a 1 year low of $8.73 and a 1 year high of $24.87. The firm’s 50 day moving average price is $16.35 and its 200-day moving average price is $18.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.71 and a quick ratio of 1.05. The stock has a market cap of $12.52 billion, a P/E ratio of 11.01, a PEG ratio of 1.12 and a beta of 1.32.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, August 6th. The mining company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Iamgold had a return on equity of 28.97% and a net margin of 31.40%.The business had revenue of $845.97 million during the quarter, compared to the consensus estimate of $882.92 million.

Hedge Funds Weigh In On Iamgold

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Banque Transatlantique SA bought a new stake in shares of Iamgold in the 2nd quarter worth about $26,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Iamgold in the 2nd quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in Iamgold in the fourth quarter worth about $33,000. Western Wealth Management LLC purchased a new position in Iamgold in the first quarter worth about $43,000. Finally, Banque Cantonale Vaudoise increased its stake in Iamgold by 617.8% during the fourth quarter. Banque Cantonale Vaudoise now owns 2,986 shares of the mining company’s stock worth $49,000 after acquiring an additional 2,570 shares during the last quarter. 47.08% of the stock is owned by hedge funds and other institutional investors.

Iamgold Company Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.