IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Raymond James lowered their FY2025 earnings per share (EPS) estimates for IAMGOLD in a research report issued on Tuesday, March 4th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.49 per share for the year, down from their previous forecast of $0.78. Raymond James has a "Hold" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $0.67 per share.
A number of other research analysts also recently issued reports on IAG. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. CIBC upgraded IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. Finally, StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $6.57.
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IAMGOLD Trading Up 0.1 %
NYSE:IAG traded up $0.01 during mid-day trading on Friday, reaching $5.50. 12,963,685 shares of the company's stock traded hands, compared to its average volume of 12,097,427. IAMGOLD has a 12-month low of $2.90 and a 12-month high of $6.69. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 3.79 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The company has a 50 day moving average price of $5.84 and a 200-day moving average price of $5.49.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million.
Institutional Trading of IAMGOLD
Several hedge funds and other institutional investors have recently made changes to their positions in IAG. GSA Capital Partners LLP purchased a new stake in shares of IAMGOLD in the 3rd quarter worth approximately $296,000. Aigen Investment Management LP grew its stake 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 buying an additional 6,704 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of IAMGOLD by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 698,107 shares of the mining company's stock worth $3,661,000 after buying an additional 17,608 shares during the last quarter. PCJ Investment Counsel Ltd. grew its stake in shares of IAMGOLD by 213.1% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 942,900 shares of the mining company's stock worth $4,942,000 after buying an additional 641,750 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of IAMGOLD by 158.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company's stock worth $24,301,000 after buying an additional 2,839,556 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company's stock.
About IAMGOLD
(
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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.
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