Raymond James Weighs in on IAMGOLD’s Q1 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at Raymond James cut their Q1 2025 EPS estimates for IAMGOLD in a research note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.20. Raymond James has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share. Raymond James also issued estimates for IAMGOLD’s Q3 2025 earnings at $0.19 EPS and FY2025 earnings at $0.78 EPS.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Thursday, November 7th. The mining company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. The business had revenue of $438.90 million for the quarter. During the same period last year, the firm posted ($0.01) earnings per share.

Several other research analysts have also recently commented on the stock. National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. StockNews.com cut shares of IAMGOLD from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and upped their price target for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, IAMGOLD currently has an average rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Trading Down 1.2 %

NYSE IAG opened at $6.37 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. IAMGOLD has a 52 week low of $2.32 and a 52 week high of $6.64. The stock has a market capitalization of $3.64 billion, a PE ratio of 4.97 and a beta of 1.56. The firm has a 50 day moving average of $5.55 and a two-hundred day moving average of $5.21.

Hedge Funds Weigh In On IAMGOLD

Large investors have recently bought and sold shares of the company. Tobam purchased a new position in IAMGOLD during the 4th quarter worth $25,000. ORG Partners LLC purchased a new position in IAMGOLD during the 3rd quarter worth $29,000. Eastern Bank purchased a new position in IAMGOLD during the 3rd quarter worth $30,000. Blue Trust Inc. raised its position in IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock worth $47,000 after buying an additional 5,511 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC purchased a new position in IAMGOLD during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 47.08% of the company’s stock.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.