What is Cormark’s Forecast for IAMGOLD FY2025 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities researchers at Cormark lowered their FY2025 earnings estimates for IAMGOLD in a report issued on Wednesday, February 26th. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $0.31 for the year, down from their prior forecast of $0.62. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share. Cormark also issued estimates for IAMGOLD’s Q4 2025 earnings at $0.10 EPS and FY2026 earnings at $0.69 EPS.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.

IAG has been the topic of several other research reports. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. CIBC upgraded shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Trading Up 1.2 %

IAMGOLD stock opened at $5.51 on Friday. 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 firm has a market cap of $3.15 billion, a price-to-earnings ratio of 3.80 and a beta of 1.56. IAMGOLD has a 1 year low of $2.56 and a 1 year high of $6.69. The firm’s 50 day moving average price is $5.81 and its two-hundred day moving average price is $5.47.

Institutional Investors Weigh In On IAMGOLD

Institutional investors have recently modified their holdings of the stock. Tobam acquired a new stake in shares of IAMGOLD during the 4th quarter valued at $25,000. Blue Trust Inc. boosted its stake in shares of IAMGOLD by 157.1% during the 4th 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 acquired a new stake in shares of IAMGOLD during the 4th quarter valued at $56,000. Atria Wealth Solutions Inc. acquired a new stake in shares of IAMGOLD during the 4th quarter valued at $68,000. Finally, Choreo LLC acquired a new stake in shares of IAMGOLD in the 4th quarter valued at $88,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

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.