Raymond James Has Bearish Estimate for IAMGOLD Q1 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at Raymond James lowered their Q1 2025 earnings per share estimates for shares of IAMGOLD in a note issued to investors on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.19 per share for the quarter, down from their previous 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.

Several other research analysts have also recently issued reports on the company. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating and raised their price target for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $6.57.

IAMGOLD Stock Performance

Shares of NYSE:IAG opened at $6.47 on Wednesday. The firm’s 50 day simple moving average is $5.55 and its 200-day simple moving average is $5.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD has a one year low of $2.32 and a one year high of $6.64. The firm has a market cap of $3.69 billion, a PE ratio of 5.05 and a beta of 1.56.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The company 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 period in the prior year, the business earned ($0.01) EPS.

Institutional Trading of IAMGOLD

Several hedge funds and other institutional investors have recently bought and sold shares of IAG. Van ECK Associates Corp boosted its position in IAMGOLD by 8.8% in the 3rd quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after purchasing an additional 4,267,084 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of IAMGOLD by 58.8% in the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock valued at $52,735,000 after purchasing an additional 3,732,315 shares during the period. FMR LLC boosted its holdings in IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after buying an additional 4,577,599 shares in the last quarter. Bank of Montreal Can boosted its holdings in IAMGOLD by 130.6% during the third quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock worth $28,385,000 after buying an additional 3,049,252 shares in the last quarter. Finally, Cibc World Market Inc. grew its position in IAMGOLD by 54.0% during the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock valued at $26,452,000 after buying an additional 1,795,869 shares during the period. 47.08% of the stock is 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.