FY2025 Earnings Estimate for IAMGOLD Issued By Raymond James

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at Raymond James dropped their FY2025 earnings per share estimates for shares of IAMGOLD in a report issued on Tuesday, March 4th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.49 for the year, down from their previous estimate of $0.78. Raymond James has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

Other equities analysts have also recently issued reports about the stock. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.57.

IAMGOLD Price Performance

NYSE:IAG opened at $5.50 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $5.84 and its 200-day moving average price is $5.48. The stock has a market capitalization of $3.14 billion, a PE ratio of 3.79 and a beta of 1.63. IAMGOLD has a 52 week low of $2.90 and a 52 week high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued 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 analysts’ expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.

Institutional Investors Weigh In On IAMGOLD

A number of large investors have recently added to or reduced their stakes in the business. Tobam purchased a new position in IAMGOLD in the 4th quarter valued at about $25,000. Blue Trust Inc. raised its holdings in IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after buying an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC purchased a new position in IAMGOLD in the fourth quarter valued at approximately $56,000. Atria Wealth Solutions Inc. purchased a new position in IAMGOLD in the fourth quarter valued at approximately $68,000. Finally, Choreo LLC purchased a new position in IAMGOLD in the fourth quarter valued at approximately $88,000. 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.