Raymond James Forecasts IAMGOLD’s FY2025 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at Raymond James reduced their FY2025 earnings estimates for shares of IAMGOLD in a research report issued to clients and investors on Tuesday, March 4th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.49 per share for the year, down from their previous estimate of $0.78. 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.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly 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 firm had revenue of $469.90 million during the quarter, compared to analysts’ expectations of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%.

Several other brokerages have also commented on IAG. StockNews.com lowered IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, IAMGOLD has a consensus rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Trading Up 0.1 %

Shares of IAMGOLD stock opened at $5.50 on Friday. The stock has a 50 day moving average of $5.84 and a 200 day moving average of $5.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 3.79 and a beta of 1.63. IAMGOLD has a fifty-two week low of $2.90 and a fifty-two week high of $6.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tobam purchased a new stake in IAMGOLD during the 4th quarter worth approximately $25,000. Blue Trust Inc. grew its stake in shares of IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock worth $47,000 after acquiring an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in shares of IAMGOLD during the fourth quarter worth $56,000. Atria Wealth Solutions Inc. acquired a new stake in shares of IAMGOLD in the fourth quarter valued at $68,000. Finally, Choreo LLC purchased a new position in IAMGOLD in the fourth quarter valued at $88,000. 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.