Analysts Set Expectations for IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - National Bank Financial raised their FY2025 earnings per share estimates for IAMGOLD in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the mining company will earn $0.82 per share for the year, up from their previous forecast of $0.79. The consensus estimate for IAMGOLD's current full-year earnings is $0.57 per share.

A number of other equities research analysts also recently issued reports on IAG. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. CIBC raised shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. StockNews.com raised IAMGOLD from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.57.

IAMGOLD Stock Performance

Shares of NYSE:IAG traded down $0.20 during midday trading on Thursday, reaching $6.34. 9,997,003 shares of the company traded hands, compared to its average volume of 12,636,900. IAMGOLD has a 12 month low of $2.38 and a 12 month high of $6.69. The firm's fifty day moving average price is $5.70 and its two-hundred day moving average price is $5.35. 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 firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 4.96 and a beta of 1.56.

Institutional Investors Weigh In On IAMGOLD

Hedge funds have recently added to or reduced their stakes in the company. RCF Management L.L.C. bought a new stake in IAMGOLD in the 4th quarter worth approximately $128,174,000. Millennium Management LLC raised its stake in shares of IAMGOLD by 88.4% during the fourth quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock worth $53,307,000 after acquiring an additional 4,846,254 shares in the last quarter. FMR LLC lifted its holdings in shares of IAMGOLD by 107.9% in the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock worth $46,174,000 after acquiring an additional 4,577,599 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of IAMGOLD by 8.8% in the 3rd quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company's stock valued at $276,639,000 after purchasing an additional 4,267,084 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of IAMGOLD by 58.8% in the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company's stock valued at $52,735,000 after purchasing an additional 3,732,315 shares in the last quarter. Institutional investors own 47.08% of the company's stock.

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.