13:51:06 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Iamgold Corp
Symbol IMG
Shares Issued 496,634,015
Close 2024-04-18 C$ 5.02
Market Cap C$ 2,493,102,755
Recent Sedar Documents

Globe says Jakusconek keeps Iamgold at "sector perform"

2024-04-19 07:29 ET - In the News

The Globe and Mail reports in its Friday, April 19, edition that during the first quarter earnings season for top gold producers, Scotia Capital analyst Tanya Jakusconek expects investor focus to be on operational performance. The Globe's David Leeder writes that Ms. Jakusconek says little else is expected after year-end 2023 results, including 2024 guidance, were released in mid-February. Ms. Jakusconek says in a note: "For Q1/24, we are expecting production for the group to be 5.5 million ounces at TCC and AISC [total cash costs and all-in sustaining costs] of $1,088/oz and $1,489/oz. We are not expecting margins to increase quarter-over-quarter or year-over-year based on the average quarterly prices. However, the gold price is up $300 per ounce or 15 per cent from Q1/24 average price of $2,071 per ounce, and based on current commodity price of $2,360 per ounce, margins are forecast to expand." Ms. Jakusconek continues to rank Iamgold "sector perform." Ms. Jakusconek boosted her share target by 50 U.S. cents to $3.75 (U.S.). Analysts on average target the shares at $3.69 (U.S.). The Globe reported on April 17, 2023, that Mr. Jakusconek rated Iamgold "sector perform." The shares could then be had for $2.85 (U.S.).

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