Q1 2023 EPS Estimates for IAMGOLD Co. Lifted by Raymond James (NYSE:IAG)

Posted by on Apr 28th, 2023

IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) – Investment analysts at Raymond James raised their Q1 2023 earnings per share estimates for IAMGOLD in a report released on Monday, April 24th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of ($0.03) per share for the quarter, up from their previous forecast of ($0.05). Raymond James has a “Underperform” rating and a $2.25 price target on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is ($0.02) per share. Raymond James also issued estimates for IAMGOLD’s FY2023 earnings at ($0.11) EPS.

IAMGOLD (NYSE:IAG – Get Rating) (TSE:IMG) last announced its earnings results on Thursday, February 16th. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). IAMGOLD had a negative return on equity of 0.13% and a negative net margin of 5.65%. The firm had revenue of $207.20 million for the quarter.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised IAMGOLD from a “sell” rating to a “hold” rating in a report on Tuesday. National Bank Financial dropped their price target on IAMGOLD from C$4.10 to C$4.00 in a report on Tuesday, February 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.69.

IAMGOLD Price Performance

Shares of NYSE:IAG opened at $2.87 on Thursday. IAMGOLD has a 12 month low of $0.92 and a 12 month high of $3.22. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -19.13 and a beta of 1.45. The stock’s 50 day moving average price is $2.61 and its 200 day moving average price is $2.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.35 and a quick ratio of 2.04.

Institutional Trading of IAMGOLD

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new stake in IAMGOLD during the 1st quarter valued at $31,000. HBK Sorce Advisory LLC acquired a new stake in IAMGOLD during the 4th quarter valued at $28,000. First Trust Advisors LP acquired a new stake in IAMGOLD during the 1st quarter valued at $40,000. Private Advisor Group LLC acquired a new stake in IAMGOLD during the 1st quarter valued at $41,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of IAMGOLD during the 4th quarter valued at $37,000. 48.57% of the stock is owned by institutional investors and hedge funds.

About IAMGOLD

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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.

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Earnings History and Estimates for IAMGOLD (NYSE:IAG)

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