Raymond James Has Optimistic Outlook of IAMGOLD Q1 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Research analysts at Raymond James raised their Q1 2025 earnings per share estimates for IAMGOLD in a note issued to investors on Thursday, December 5th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.25 for the quarter, up from their prior estimate of $0.24. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share. Raymond James also issued estimates for IAMGOLD’s Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $1.01 EPS.

A number of other equities research analysts have also recently issued reports on the company. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and lifted their price objective for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $6.00 target price on shares of IAMGOLD in a report on Tuesday, October 22nd. Finally, National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.68.

IAMGOLD Stock Performance

IAG opened at $5.54 on Monday. The business’s 50-day simple moving average is $5.36 and its 200 day simple moving average is $4.72. IAMGOLD has a 52-week low of $2.11 and a 52-week high of $6.37. 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 capitalization of $3.16 billion, a PE ratio of 4.32 and a beta of 1.56.

Institutional Investors Weigh In On IAMGOLD

Several hedge funds have recently bought and sold shares of IAG. ORG Partners LLC bought a new position in shares of IAMGOLD during the third quarter worth approximately $29,000. Eastern Bank bought a new position in IAMGOLD during the 3rd quarter worth $30,000. TIAA Trust National Association acquired a new stake in shares of IAMGOLD during the second quarter worth $38,000. Cetera Advisors LLC bought a new stake in shares of IAMGOLD in the first quarter valued at about $50,000. Finally, WINTON GROUP Ltd acquired a new position in shares of IAMGOLD in the second quarter valued at about $52,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.