Analysts Set Expectations 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 (EPS) estimates for shares of IAMGOLD in a research report issued 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.

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

IAG has been the subject of several other research reports. Stifel Nicolaus lowered their target price on IAMGOLD from C$4.50 to C$4.00 and set a “hold” rating for the company in a research note on Monday, October 25th. boosted their target price on IAMGOLD from C$3.75 to C$4.00 and gave the stock a “hold” rating in a research note on Tuesday, November 16th. Zacks Investment Research raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Tuesday. TD Securities lowered their target price on IAMGOLD from C$6.00 to C$5.00 in a research note on Friday. Finally, National Bank Financial boosted their target price on IAMGOLD from C$4.50 to C$4.75 in a research note on Friday, January 7th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, IAMGOLD has a consensus rating of “Hold” and a consensus price target of $3.75.

Shares of NYSE IAG opened at $2.62 on Friday. 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 has a 12 month low of $2.16 and a 12 month high of $3.85. The stock has a 50-day moving average price of $3.05 and a two-hundred day moving average price of $2.74.

Several large investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its holdings in shares of IAMGOLD by 2.4% during the third quarter. Donald Smith & CO. Inc. now owns 41,333,683 shares of the mining company’s stock worth $93,414,000 after purchasing an additional 976,149 shares during the last quarter. Vanguard Group Inc. boosted its holdings in IAMGOLD by 1.8% in the second quarter. Vanguard Group Inc. now owns 14,485,938 shares of the mining company’s stock valued at $42,733,000 after acquiring an additional 252,006 shares during the last quarter. Invesco Ltd. boosted its holdings in IAMGOLD by 0.6% in the third quarter. Invesco Ltd. now owns 6,136,536 shares of the mining company’s stock valued at $13,868,000 after acquiring an additional 39,399 shares during the last quarter. Kopernik Global Investors LLC boosted its holdings in IAMGOLD by 3.9% in the second quarter. Kopernik Global Investors LLC now owns 3,514,441 shares of the mining company’s stock valued at $10,368,000 after acquiring an additional 130,935 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in IAMGOLD by 23.5% in the third quarter. Russell Investments Group Ltd. now owns 2,022,204 shares of the mining company’s stock valued at $4,569,000 after acquiring an additional 384,271 shares during the last quarter. Institutional investors own 40.96% of the company’s stock.

About IAMGOLD

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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