Equities Analysts Issue Forecasts for IAMGOLD Co.’s Q1 2022 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at Raymond James issued their Q1 2022 earnings per share estimates for IAMGOLD in a research note issued to investors on Thursday, January 13th. Raymond James analyst F. Hamed forecasts that the mining company will post earnings of $0.01 per share for the quarter. Raymond James currently has a “Market Perform” rating and a $3.00 price target on the stock. Raymond James also issued estimates for IAMGOLD’s Q3 2022 earnings at $0.01 EPS and FY2022 earnings at $0.04 EPS.

A number of other brokerages also recently issued reports on IAG. National Bank Financial upped their price objective on IAMGOLD from C$4.50 to C$4.75 in a research report on Friday, January 7th. upped their price objective on IAMGOLD from C$3.75 to C$4.00 and gave the company a “hold” rating in a research report on Tuesday, November 16th. Stifel Nicolaus decreased their price objective on IAMGOLD from C$4.50 to C$4.00 and set a “hold” rating on the stock in a research report on Monday, October 25th. Zacks Investment Research upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, TD Securities decreased their price objective on IAMGOLD from C$6.00 to C$5.00 in a research report on Friday. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, IAMGOLD currently has an average rating of “Hold” and an average target price of $3.75.

Shares of IAMGOLD stock opened at $2.62 on Friday. The stock has a 50 day moving average of $3.05 and a 200 day moving average of $2.74. IAMGOLD has a 12 month low of $2.16 and a 12 month high of $3.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 1.45.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Wednesday, November 3rd. The mining company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). IAMGOLD had a net margin of 0.23% and a return on equity of 0.06%. The firm had revenue of $294.10 million for the quarter. During the same period in the previous year, the firm posted $0.11 earnings per share.

A number of large investors have recently made changes to their positions in IAG. New York State Common Retirement Fund bought a new position in IAMGOLD in the second quarter worth approximately $26,000. Koshinski Asset Management Inc. bought a new position in IAMGOLD in the third quarter worth approximately $28,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in IAMGOLD by 28.7% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,511 shares of the mining company’s stock worth $44,000 after purchasing an additional 4,350 shares in the last quarter. LPL Financial LLC grew its stake in IAMGOLD by 47.1% in the third quarter. LPL Financial LLC now owns 28,206 shares of the mining company’s stock worth $64,000 after purchasing an additional 9,025 shares in the last quarter. Finally, AXA S.A. bought a new stake in IAMGOLD during the 2nd quarter valued at $82,000. 40.96% of the stock is currently owned by institutional investors.

IAMGOLD Company Profile

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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