Brokers Issue Forecasts for IAMGOLD FY2025 Earnings

Key Points

• Raymond James Financial has reduced its FY2025 earnings per share estimate for IAMGOLD from $1.36 to $1.12, while maintaining a "Hold" rating on the stock.
• Despite some downgrades, IAMGOLD has received multiple upgrades, including a "strong-buy" rating from BMO Capital Markets, with a consensus price target of C$13.50.
• The company's market capitalization stands at C$3.91 billion, and its shares are currently trading at around C$9.62.

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Raymond James Financial decreased their FY2025 EPS estimates for shares of IAMGOLD in a report issued on Wednesday, July 23rd. Raymond James Financial analyst J. Elliott now expects that the mining company will post earnings of $1.12 per share for the year, down from their prior estimate of $1.36. Raymond James Financial currently has a "Hold" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

Several other research firms have also commented on IMG. BMO Capital Markets raised shares of IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$9.50 to C$11.00 in a research note on Monday, April 21st. Finally, National Bankshares boosted their price objective on shares of IAMGOLD from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$13.50.

IAMGOLD Trading Down 0.1%

Shares of IMG opened at C$9.62 on Monday. The firm's 50-day moving average price is C$9.83 and its 200-day moving average price is C$9.24. The firm has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 4.99, a PEG ratio of -0.28 and a beta of 1.47. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 1-year low of C$4.90 and a 1-year high of C$11.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.