IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Analysts at National Bank Financial issued their Q1 2025 EPS estimates for IAMGOLD in a research note issued to investors on Tuesday, April 22nd. National Bank Financial analyst M. Sidibe expects that the mining company will post earnings of $0.11 per share for the quarter. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for IAMGOLD's FY2025 earnings at $0.88 EPS and FY2026 earnings at $1.23 EPS.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company 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%.
A number of other research firms have also weighed in on IAG. Scotiabank boosted their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Raymond James restated a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. BMO Capital Markets began coverage on IAMGOLD in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, IAMGOLD presently has an average rating of "Moderate Buy" and an average target price of $7.57.
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IAMGOLD Stock Performance
Shares of IAG stock traded up $0.18 during trading on Thursday, reaching $7.21. The company had a trading volume of 14,651,564 shares, compared to its average volume of 10,163,387. 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 firm's 50 day simple moving average is $6.28 and its two-hundred day simple moving average is $5.84. The company has a market capitalization of $4.15 billion, a PE ratio of 4.97 and a beta of 1.52. IAMGOLD has a one year low of $3.44 and a one year high of $8.38.
Institutional Investors Weigh In On IAMGOLD
A number of institutional investors have recently bought and sold shares of the business. RCF Management L.L.C. bought a new position in shares of IAMGOLD during the 4th quarter worth about $128,174,000. Millennium Management LLC grew its stake in shares of IAMGOLD by 88.4% in the 4th quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock valued at $53,307,000 after purchasing an additional 4,846,254 shares during the period. Invesco Ltd. raised its holdings in shares of IAMGOLD by 41.6% in the 4th quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company's stock worth $36,842,000 after buying an additional 2,098,215 shares in the last quarter. American Century Companies Inc. lifted its position in shares of IAMGOLD by 25.9% during the 4th quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company's stock worth $52,499,000 after buying an additional 2,092,803 shares during the period. Finally, Cibc World Market Inc. boosted its stake in IAMGOLD by 54.0% in the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after buying an additional 1,795,869 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.
IAMGOLD Company Profile
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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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