Scotiabank Has Positive Estimate for IAMGOLD FY2026 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for IAMGOLD in a research note issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $2.67 per share for the year, up from their previous estimate of $2.50. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Scotiabank also issued estimates for IAMGOLD’s FY2027 earnings at $2.69 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. The business had revenue of C$1.22 billion during the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%.

Other equities research analysts have also issued reports about the stock. TD set a C$34.00 price objective on shares of IAMGOLD and gave the company a “buy” rating in a report on Tuesday, October 20th. National Bank Financial boosted their target price on shares of IAMGOLD from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Finally, Jefferies Financial Group upgraded IAMGOLD to a “strong-buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$35.83.

IAMGOLD Trading Up 10.3%

TSE:IMG opened at C$24.48 on Thursday. IAMGOLD has a 52 week low of C$16.69 and a 52 week high of C$34.09. The firm has a 50 day moving average of C$26.36 and a 200 day moving average of C$25.45. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. The stock has a market capitalization of C$13.98 billion, a price-to-earnings ratio of 12.36, a PEG ratio of -0.28 and a beta of 2.20.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.