IAMGOLD (NYSE:IAG) Upgraded at Raymond James

Raymond James upgraded shares of IAMGOLD (NYSE:IAG) (TSE:IMG) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS and FY2025 earnings at $0.78 EPS.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price objective on shares of IAMGOLD in a research note on Tuesday, October 22nd. Finally, StockNews.com cut shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Stock Up 1.5 %

IAG stock opened at $6.47 on Monday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 5.05 and a beta of 1.56. 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 business’s 50-day moving average is $5.55 and its two-hundred day moving average is $5.21. IAMGOLD has a fifty-two week low of $2.32 and a fifty-two week high of $6.64.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings data on Thursday, November 7th. The mining company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. The firm had revenue of $438.90 million for the quarter. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. During the same quarter last year, the company earned ($0.01) EPS. As a group, analysts forecast that IAMGOLD will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On IAMGOLD

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in IAMGOLD during the 2nd quarter valued at approximately $592,000. The Manufacturers Life Insurance Company grew its holdings in shares of IAMGOLD by 21.4% in the second quarter. The Manufacturers Life Insurance Company now owns 453,726 shares of the mining company’s stock valued at $1,702,000 after purchasing an additional 79,955 shares in the last quarter. SG Americas Securities LLC raised its stake in IAMGOLD by 329.7% during the third quarter. SG Americas Securities LLC now owns 110,438 shares of the mining company’s stock valued at $578,000 after purchasing an additional 84,738 shares in the last quarter. ORG Partners LLC purchased a new stake in IAMGOLD during the third quarter valued at $29,000. Finally, Allspring Global Investments Holdings LLC lifted its position in IAMGOLD by 1,973.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,012,000 shares of the mining company’s stock valued at $5,311,000 after purchasing an additional 963,200 shares during the last quarter. Institutional investors own 47.08% 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.