IAMGOLD (TSE:IMG) Upgraded by Raymond James to "Hold" Rating

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG was upgraded by analysts at Raymond James from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports. Raymond James also issued estimates for IAMGOLD's Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.28 EPS and FY2025 earnings at $1.13 EPS.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. National Bankshares reduced their price objective on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating on the stock in a report on Thursday, January 9th. Stifel Nicolaus upped their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Finally, National Bank Financial raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, IAMGOLD presently has a consensus rating of "Buy" and a consensus target price of C$8.30.

IAMGOLD Price Performance

TSE IMG traded down C$0.09 during trading hours on Monday, reaching C$9.15. 2,240,881 shares of the company's stock were exchanged, compared to its average volume of 1,767,551. The stock has a market cap of C$5.22 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a one year low of C$3.15 and a one year high of C$9.68. The firm has a fifty day moving average of C$8.04 and a 200-day moving average of C$7.29. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.24 EPS 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 quarter last year, the firm posted ($0.01) EPS. On average, equities research analysts predict that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Renaud Adams acquired 36,000 shares of the stock in a transaction that occurred 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 company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. 0.10% of the stock is currently owned by company insiders.

IAMGOLD Company Profile

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.