Raymond James Issues Positive Forecast for IAMGOLD Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at Raymond James boosted their Q1 2025 earnings per share estimates for shares of IAMGOLD in a research note issued to investors on Thursday, December 5th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.25 for the quarter, up from their prior 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.

A number of other analysts also recently weighed in on IAG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.68.

IAMGOLD Trading Up 3.5 %

IAG opened at $5.54 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. IAMGOLD has a twelve month low of $2.11 and a twelve month high of $6.37. 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 has a 50-day simple moving average of $5.36 and a 200 day simple moving average of $4.72.

Hedge Funds Weigh In On IAMGOLD

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of IAMGOLD during the third quarter valued at about $29,000. Eastern Bank bought a new position in IAMGOLD in the 3rd quarter valued at approximately $30,000. TIAA Trust National Association acquired a new stake in IAMGOLD during the 2nd quarter worth approximately $38,000. Cetera Advisors LLC bought a new stake in IAMGOLD during the 1st quarter worth approximately $50,000. Finally, WINTON GROUP Ltd acquired a new position in IAMGOLD in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 47.08% 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.