Scotiabank Comments on Iamgold’s FY2026 Earnings (NYSE:IAG)

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Equities research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of Iamgold in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $1.91 per share for the year, up from their prior estimate of $1.81. Scotiabank has a “Sector Perform” rating and a $23.00 price objective on the stock. The consensus estimate for Iamgold’s current full-year earnings is $1.83 per share.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Thursday, August 6th. The mining company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $845.97 million for the quarter, compared to analyst estimates of $882.92 million. Iamgold had a return on equity of 28.97% and a net margin of 31.40%.

IAG has been the topic of a number of other research reports. Zacks Research lowered Iamgold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Royal Bank Of Canada upped their price target on Iamgold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group initiated coverage on shares of Iamgold in a research note on Thursday, August 20th. They set a “buy” rating and a $24.00 price target for the company. Raymond James Financial raised their price target on shares of Iamgold from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Friday, September 4th. Finally, Wall Street Zen downgraded shares of Iamgold from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.71.

Iamgold Stock Up 11.0%

IAG stock opened at $17.60 on Thursday. 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 capitalization of $9.97 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.18 and a beta of 1.39. Iamgold has a fifty-two week low of $11.82 and a fifty-two week high of $24.87. The business has a 50-day moving average of $18.77 and a 200-day moving average of $18.34.

Hedge Funds Weigh In On Iamgold

Large investors have recently modified their holdings of the business. Sigma Planning Corp grew its stake in shares of Iamgold by 1.9% in the second quarter. Sigma Planning Corp now owns 41,660 shares of the mining company’s stock valued at $660,000 after buying an additional 765 shares in the last quarter. IFP Advisors Inc increased its holdings in Iamgold by 33.2% during the second quarter. IFP Advisors Inc now owns 3,262 shares of the mining company’s stock worth $52,000 after buying an additional 813 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Iamgold by 73.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,712 shares of the mining company’s stock worth $51,000 after acquiring an additional 1,150 shares in the last quarter. Alps Advisors Inc. raised its position in Iamgold by 0.4% during the third quarter. Alps Advisors Inc. now owns 368,612 shares of the mining company’s stock worth $6,786,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Iamgold during the second quarter worth $28,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

About Iamgold

IAMGOLD Corporation is a Canadian mining company focused on the exploration, development and production of gold. Headquartered in Toronto, the company operates primarily in Canada and maintains a portfolio of gold assets at various stages of development.

IAMGOLD’s principal operating asset is the Côté Gold mine in northern Ontario, which it operates in partnership with Sumitomo Metal Mining. The company also owns the Westwood complex in Quebec, which includes underground mining and development activities.