IAMGOLD Company IAG is anticipated to ship a year-over-year enchancment in its backside line when it experiences fourth-quarter 2024 outcomes on Feb. 20, after market shut.
Discover the most recent earnings estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for IAG’s earnings has moved down 17.65% over the previous 60 days to 14 cents per share. The consensus mark signifies a big enchancment from six cents per share reported within the fourth quarter of 2023.
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IAG’s Earnings Shock Historical past
IAMGOLD’s backside line beat the Zacks Consensus Estimate in every of the trailing 4 quarters. Over the identical interval, the corporate recorded a mean earnings shock of 203.4%.
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What the Zacks Mannequin Unveils for IAG
Our confirmed mannequin doesn’t conclusively predict an earnings beat for IAMGOLD this time round. The mixture of a optimistic Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the percentages of an earnings beat, however that isn’t the case right here.
Earnings ESP: The Earnings ESP for IAG is 0.00%. You possibly can uncover the very best shares earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: IAMGOLD at the moment carries a Zacks Rank of three. You possibly can see the complete list of today’s Zacks #1 Rank stocks here.
Components Prone to Have Formed IAG’s This fall Efficiency
Final month, IAMGOLD offered its fourth-quarter manufacturing and gross sales replace, which can present how it’s prone to fare within the to-be-reported quarter.
IAG’s attributable gold manufacturing was 177,000 ounces in contrast with 136,000 ounces within the fourth quarter of 2023. This development was pushed by the contribution from the Côté Gold mine, which began manufacturing in 2024, together with improved performances at Westwood.
Within the fourth quarter of 2024, Côté Gold produced 62,000 attributable ounces (or 96,000 ounces on a 100% foundation). IAMGOLD had anticipated to exit the quarter at 90% throughput. Nevertheless, the corporate fell in need of the goal because of ramp-up-related challenges, which required downtime to implement options.
The Westwood mine produced 35,000 ounces of gold in contrast with 28,000 ounces within the fourth quarter of 2023. The mine continues to profit from increased head grades because of a rise within the grade and an elevated proportion of the ore feed from underground.
Essakane mine’s attributable manufacturing was 80,000 ounces within the fourth quarter, decrease than 108,000 ounces within the year-ago quarter. Common head grades decreased, according to the mine plan and steering. In December, Essakane accomplished an annual shutdown of the plant for upkeep and alternative of liners.
IAG’s fourth-quarter gold gross sales have been 177,000 ounces on an attributable foundation, at a mean realized gold value of roughly $2,509 per ounce. This approximates to revenues of $444 million. IAG’s fourth-quarter 2023 revenues have been $298 million.
Nevertheless, pricing for sure essential consumables, together with cyanide and grinding media, is anticipated to have dented IAMGOLD’s margins. Additionally, on the Côté Gold Mine, working and capitalized waste stripping unit prices are anticipated to have been increased till it achieves a throughput fee of 90%.
Whereas these elements are prone to have considerably dented IAG’s earnings, increased revenues are anticipated to have offset the impacts.
IAG Inventory’s Value Efficiency
IAG inventory has gained 148% over the previous 12 months in contrast with the industry’s 50.4% development.
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Shares That Warrant a Look
Listed below are some corporations within the primary supplies area, which in keeping with our mannequin, have the correct mixture of parts to put up an earnings beat this reporting cycle.
Osisko Gold Royalties OR, anticipated to launch its fourth-quarter 2024 earnings quickly, has an Earnings ESP of +7.15% and a Zacks Rank of three at current.
The Zacks Consensus Estimate for Osisko Gold’s fourth-quarter earnings is pegged at 16 cents per share, indicating 33% year-over-year development. OR has a trailing four-quarter common earnings shock of 6.63%.
Newmont NEM, able to launch fourth-quarter earnings on Feb. 20, at the moment has an Earnings ESP of +6.44% and a Zacks Rank of three.
The Zacks Consensus Estimate for NEM’s fourth-quarter 2024 earnings is pegged at 95 cents per share, indicating a 90% surge from the year-ago quarter. Newmont has a trailing four-quarter common earnings shock of twenty-two.16%.
CF Industries CF, scheduled to launch its fourth-quarter 2024 earnings on Feb. 19, has an Earnings ESP of +1.58% and a Zacks Rank of three at current.
The Zacks Consensus Estimate for CF Industries’ fourth-quarter 2024 earnings is pegged at $1.49 per share, indicating in-line outcomes with final 12 months’s quarter. CF has a trailing four-quarter common earnings shock of 10.25%.
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Newmont Corporation (NEM) : Free Stock Analysis Report
CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report
Iamgold Corporation (IAG) : Free Stock Analysis Report
Osisko Gold Royalties Ltd (OR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
