Raymond James Has Optimistic Outlook of IAMGOLD Q1 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Raymond James boosted their Q1 2025 earnings per share (EPS) estimates for shares of IAMGOLD in a report released on Thursday, December 5th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.35 per share for the quarter, up from their previous estimate of $0.33. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $1.41 EPS.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus boosted their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares increased their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$7.29.

IAMGOLD Stock Performance

IAMGOLD stock opened at C$7.57 on Monday. The firm has a fifty day simple moving average of C$7.44 and a two-hundred day simple moving average of C$6.46. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.80. The company has a market capitalization of C$4.32 billion, a PE ratio of 23.66, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Transactions at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. Also, Director Renaud Adams bought 36,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Corporate insiders own 0.10% of the company’s stock.

About IAMGOLD

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.