Raymond James Financial Upgrades IAMGOLD (TSE:IMG) to Hold

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG was upgraded by equities research analysts at Raymond James Financial to a "hold" rating in a report issued on Monday,Zacks.com reports. Raymond James Financial also issued estimates for IAMGOLD's Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.42 EPS and FY2025 earnings at $1.36 EPS.

A number of other research firms have also issued reports on IMG. BMO Capital Markets upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus raised their price objective on shares of IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares boosted their price target on IAMGOLD from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$11.00.

IAMGOLD Trading Up 0.9%

Shares of TSE:IMG traded up C$0.09 during mid-day trading on Monday, reaching C$10.12. 1,776,179 shares of the company were exchanged, compared to its average volume of 2,057,958. IAMGOLD has a 1 year low of C$4.90 and a 1 year high of C$11.63. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The firm's 50-day simple moving average is C$9.72 and its 200 day simple moving average is C$8.96. The firm has a market cap of C$4.11 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of -0.28 and a beta of 1.47.

IAMGOLD Company Profile

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.