Iamgold (NYSE:IAG) Releases Earnings Results

Key Points

• Iamgold beat estimates: reported EPS of $0.66 vs. $0.52 expected and revenue of $1.01B vs. $950.6M, with a 19.26% return on equity and a 23.29% net margin for the quarter.
• Shares opened at $16.29 (down 0.1%); the company has a market cap of ~$9.45B, a P/E of 14.17, PEG of 0.84 and a one‑year range of $6.06–$24.87.
• Director David Stewart Smith sold 31,000 shares (cutting his holding by ~60.8%), while analysts remain mixed—average rating "Moderate Buy" with an average price target of $17.75 after several recent adjustments.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG issued its earnings results on Tuesday. The mining company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.14, Zacks reports. Iamgold had a return on equity of 19.26% and a net margin of 23.29%.The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $950.62 million.

Iamgold Stock Down 0.1%

Shares of NYSE IAG opened at $16.29 on Wednesday. Iamgold has a 1 year low of $6.06 and a 1 year high of $24.87. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.84 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.75. The stock's 50-day simple moving average is $19.46 and its 200-day simple moving average is $17.44.

Insider Buying and Selling

In related news, Director David Stewart Smith sold 31,000 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $32.87, for a total value of $1,018,970.00. Following the completion of the transaction, the director owned 20,000 shares of the company's stock, valued at approximately $657,400. This represents a 60.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Iamgold

Institutional investors have recently made changes to their positions in the business. Banque Transatlantique SA acquired a new stake in shares of Iamgold during the second quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. acquired a new stake in Iamgold in the fourth quarter valued at $30,000. Global Retirement Partners LLC bought a new position in Iamgold during the 4th quarter valued at $33,000. EFG International AG acquired a new position in Iamgold during the 4th quarter worth $82,000. Finally, Flow Traders U.S. LLC acquired a new position in Iamgold during the 3rd quarter worth $161,000. 47.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on IAG. Scotiabank raised their target price on Iamgold to $25.00 and gave the company a "sector perform" rating in a report on Wednesday, February 25th. Weiss Ratings restated a "buy (b)" rating on shares of Iamgold in a report on Tuesday, April 21st. Wall Street Zen raised shares of Iamgold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. Zacks Research lowered shares of Iamgold from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Finally, TD Securities reissued a "buy" rating on shares of Iamgold in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Iamgold has an average rating of "Moderate Buy" and an average price target of $17.75.

Iamgold Company Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.