Raymond James Analysts Reduce Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Raymond James cut their Q1 2025 earnings per share estimates for shares of IAMGOLD in a report issued on Monday, February 3rd. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.28 per share for the quarter, down from their prior forecast 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.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 company posted ($0.01) EPS.

A number of other equities analysts have also recently issued reports on the company. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, National Bankshares cut 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 research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$8.30.

IAMGOLD Price Performance

Shares of TSE IMG opened at C$9.12 on Wednesday. The stock’s 50-day simple moving average is C$7.91 and its two-hundred day simple moving average is C$7.20. IAMGOLD has a twelve month low of C$3.15 and a twelve 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 firm has a market capitalization of C$5.20 billion, a P/E ratio of 28.50, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams acquired 36,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was 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 company 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.