Raymond James Issues Positive Estimate for IAMGOLD Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities research analysts at Raymond James increased their Q1 2025 earnings estimates for IAMGOLD in a note issued to investors on Thursday, December 5th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.25 for the quarter, up from their previous forecast of $0.24. The consensus estimate for IAMGOLD's current full-year earnings is $0.58 per share. Raymond James also issued estimates for IAMGOLD's Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $1.01 EPS.

Other research analysts have also recently issued research reports about the stock. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "buy" rating and raised their price objective for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. CIBC upgraded IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. Scotiabank boosted their price objective on IAMGOLD from $4.75 to $5.50 and gave the company a "sector perform" rating in a report on Monday, August 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.68.

IAMGOLD Trading Up 3.5 %

Shares of NYSE IAG traded up $0.19 during trading hours on Monday, hitting $5.54. 10,083,563 shares of the company traded hands, compared to its average volume of 8,908,393. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 4.32 and a beta of 1.56. The company's 50 day moving average price is $5.36 and its 200 day moving average price is $4.72. IAMGOLD has a 12 month low of $2.11 and a 12 month high of $6.37. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On IAMGOLD

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in IAMGOLD by 194.2% during the 2nd quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company's stock worth $29,573,000 after acquiring an additional 5,204,715 shares in the last quarter. FMR LLC lifted its position 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 purchasing an additional 4,577,599 shares during the period. 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. Two Sigma Advisers LP boosted its stake in shares of IAMGOLD by 58.8% during the third 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. Finally, Bank of Montreal Can increased its holdings in IAMGOLD by 130.6% during the third quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company's stock valued at $28,385,000 after buying an additional 3,049,252 shares during the period. Hedge funds and other institutional investors own 47.08% of the company's stock.

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.