Equities Analysts Set Expectations for IAMGOLD Q1 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Research analysts at Cormark lowered their Q1 2025 EPS estimates for shares of IAMGOLD in a research report issued to clients and investors on Wednesday, February 26th. Cormark analyst R. Gray now expects that the mining company will earn $0.06 per share for the quarter, down from their previous estimate of $0.12. The consensus estimate for IAMGOLD's current full-year earnings is $0.67 per share. Cormark also issued estimates for IAMGOLD's Q2 2025 earnings at $0.06 EPS and Q3 2025 earnings at $0.09 EPS.

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

Other equities analysts also recently issued reports about the stock. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Finally, CIBC upgraded shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.57.

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IAMGOLD Trading Up 1.2 %

NYSE:IAG traded up $0.07 during mid-day trading on Thursday, hitting $5.51. 9,837,612 shares of the stock traded hands, compared to its average volume of 12,150,564. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 3.80 and a beta of 1.56. IAMGOLD has a 52 week low of $2.56 and a 52 week high of $6.69. The firm's 50 day moving average is $5.81 and its two-hundred day moving average is $5.47. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On IAMGOLD

Several hedge funds have recently modified their holdings of IAG. International Assets Investment Management LLC purchased a new stake in shares of IAMGOLD in the 3rd quarter worth approximately $700,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of IAMGOLD in the 3rd quarter worth approximately $231,000. Van ECK Associates Corp lifted its position 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 worth $276,639,000 after purchasing an additional 4,267,084 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of IAMGOLD in the 3rd quarter worth approximately $296,000. Finally, Aigen Investment Management LP lifted its position in shares of IAMGOLD by 10.6% in the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company's stock worth $368,000 after purchasing an additional 6,704 shares during the period. Hedge funds and other 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.