IAMGOLD (TSE:IMG) Upgraded at Raymond James

Raymond James upgraded shares of IAMGOLD (TSE:IMG) (NYSE:IAG) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.28 EPS and FY2025 earnings at $1.13 EPS.

IMG has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bankshares lowered their price target on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, IAMGOLD presently has an average rating of “Buy” and a consensus target price of C$8.30.

IAMGOLD Price Performance

Shares of IMG opened at C$9.27 on Monday. The business’s fifty day moving average is C$7.94 and its 200 day moving average is C$7.22. IAMGOLD has a 12-month low of C$3.15 and a 12-month high of C$9.68. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The stock has a market cap of C$5.29 billion, a P/E ratio of 28.97, a P/E/G ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period last year, the business earned ($0.01) EPS. Sell-side analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

Insider Buying and Selling at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. 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.