Q1 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities researchers at Raymond James cut their Q1 2025 EPS estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, March 4th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.13 per share for the quarter, down from their previous forecast of $0.19. Raymond James currently has a "Hold" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $0.67 per share. Raymond James also issued estimates for IAMGOLD's Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.12 EPS.

Several other brokerages have also recently weighed in on IAG. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. CIBC upgraded shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given 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 $6.57.

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IAMGOLD Stock Performance

Shares of NYSE:IAG traded up $0.01 during trading on Thursday, hitting $5.50. The company's stock had a trading volume of 12,963,685 shares, compared to its average volume of 12,097,427. The company has a 50-day moving average of $5.84 and a 200-day moving average of $5.49. IAMGOLD has a 12 month low of $2.90 and a 12 month high of $6.69. 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 has a market cap of $3.14 billion, a price-to-earnings ratio of 3.79 and a beta of 1.63.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly earnings data 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). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million.

Institutional Investors Weigh In On IAMGOLD

Several institutional investors and hedge funds have recently modified their holdings of IAG. RCF Management L.L.C. bought a new stake in shares of IAMGOLD during the fourth quarter valued at approximately $128,174,000. Millennium Management LLC raised its position in shares of IAMGOLD by 88.4% during the fourth quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock valued at $53,307,000 after buying an additional 4,846,254 shares during the last quarter. FMR LLC raised its position in shares of IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock valued at $46,174,000 after buying an additional 4,577,599 shares during the last quarter. Two Sigma Advisers LP raised its position 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 buying an additional 3,732,315 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of 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 last quarter. 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.