Raymond James Analysts Reduce Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Raymond James reduced their Q1 2025 earnings per share (EPS) estimates for IAMGOLD in a report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.29. Raymond James has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q3 2025 earnings at $0.28 EPS and FY2025 earnings at $1.13 EPS.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, National Bankshares reduced their price objective on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$8.30.

IAMGOLD Price Performance

IMG opened at C$9.12 on Wednesday. The stock has a 50-day moving average price of C$7.91 and a 200-day moving average price of C$7.20. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm has a market cap of C$5.20 billion, a PE ratio of 28.50, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1 year low of C$3.15 and a 1 year high of C$9.68.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same period last year, the firm posted ($0.01) earnings per share.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams acquired 36,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average price of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of IAMGOLD stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. 0.10% of the stock is currently owned by corporate insiders.

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.