Cormark Issues Negative Estimate for IAMGOLD Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities research analysts at Cormark decreased their Q1 2025 EPS estimates for shares of IAMGOLD in a research note issued on Wednesday, February 26th. Cormark analyst R. Gray now expects that the mining company will earn $0.06 per share for the quarter, down from their previous estimate of $0.12. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share. Cormark also issued estimates for IAMGOLD’s Q2 2025 earnings at $0.06 EPS and Q3 2025 earnings at $0.09 EPS.

A number of other brokerages have also weighed in on IAG. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Trading Up 4.5 %

Shares of IAG opened at $5.82 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 4.02 and a beta of 1.56. The stock has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.46. IAMGOLD has a 52-week low of $2.53 and a 52-week high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%.

Hedge Funds Weigh In On IAMGOLD

Several large investors have recently bought and sold shares of IAG. Allspring Global Investments Holdings LLC raised its position in shares of IAMGOLD by 27.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company’s stock valued at $6,654,000 after acquiring an additional 277,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of IAMGOLD by 368.1% during the third quarter. BNP Paribas Financial Markets now owns 1,521,670 shares of the mining company’s stock worth $7,772,000 after purchasing an additional 1,196,564 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in IAMGOLD by 158.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company’s stock valued at $24,301,000 after buying an additional 2,839,556 shares during the period. Van ECK Associates Corp boosted its holdings in IAMGOLD by 8.8% during the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after buying an additional 4,267,084 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of IAMGOLD by 54.0% during the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock worth $26,452,000 after buying an additional 1,795,869 shares during the period. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.