Brokers Issue Forecasts for Iamgold's Q2 Earnings (NYSE:IAG)

Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG - Stock analysts at Stifel Canada issued their Q2 2025 earnings estimates for shares of Iamgold in a research note issued to investors on Monday, July 21st. Stifel Canada analyst I. Rico expects that the mining company will post earnings per share of $0.11 for the quarter. The consensus estimate for Iamgold's current full-year earnings is $0.67 per share.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $457.23 million for the quarter, compared to the consensus estimate of $578.70 million. Iamgold had a net margin of 45.42% and a return on equity of 9.26%.

Several other research firms have also recently issued reports on IAG. Raymond James Financial upgraded shares of Iamgold to a "hold" rating and set a $8.00 price objective for the company in a research report on Monday, June 30th. CIBC reaffirmed an "outperform" rating on shares of Iamgold in a research note on Tuesday, July 15th. Scotiabank increased their target price on shares of Iamgold from $7.50 to $7.75 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. National Bankshares reaffirmed an "outperform" rating on shares of Iamgold in a research note on Tuesday, June 24th. Finally, BMO Capital Markets assumed coverage on shares of Iamgold in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.53.

Iamgold Price Performance

NYSE:IAG traded down $0.03 during trading hours on Wednesday, reaching $7.03. 15,133,411 shares of the company were exchanged, compared to its average volume of 12,562,073. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock's 50-day moving average is $7.18 and its 200-day moving average is $6.59. The firm has a market cap of $4.04 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 0.34 and a beta of 1.15. Iamgold has a twelve month low of $3.44 and a twelve month high of $8.38.

Hedge Funds Weigh In On Iamgold

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Iamgold during the 1st quarter worth $647,000. Ritholtz Wealth Management acquired a new position in Iamgold in the 1st quarter valued at about $94,000. Franklin Resources Inc. raised its stake in Iamgold by 5.3% in the 4th quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock valued at $187,000 after purchasing an additional 1,836 shares during the last quarter. Geode Capital Management LLC raised its stake in Iamgold by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 274,756 shares of the mining company's stock valued at $1,435,000 after purchasing an additional 10,468 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Iamgold in the 4th quarter valued at about $107,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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.