Raymond James Issues Positive Outlook for IAMGOLD Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Raymond James raised their Q1 2025 earnings per share (EPS) estimates for shares of IAMGOLD in a note issued to investors on Thursday, December 5th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.35 per share for the quarter, up from their prior estimate of $0.33. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $1.41 EPS.

Several other equities research analysts have also recently issued reports on IMG. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada downgraded IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, National Bankshares increased their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$7.29.

IAMGOLD Stock Performance

Shares of IMG stock opened at C$7.86 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The company has a 50 day moving average price of C$7.45 and a 200-day moving average price of C$6.47. IAMGOLD has a 52 week low of C$2.87 and a 52 week high of C$8.80. The firm has a market capitalization of C$4.48 billion, a PE ratio of 24.56, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Transactions at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Director Renaud Adams bought 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$6.95 per share, with a total value of C$250,102.80. Corporate insiders own 0.10% of the company’s stock.

About IAMGOLD

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.