Research Analysts Issue Forecasts for IAMGOLD Q1 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Investment analysts at Stifel Canada issued their Q1 2025 EPS estimates for shares of IAMGOLD in a research report issued to clients and investors on Monday, April 21st. Stifel Canada analyst I. Rico forecasts that the mining company will earn $0.08 per share for the quarter. The consensus estimate for IAMGOLD's current full-year earnings is $0.67 per share. Stifel Canada also issued estimates for IAMGOLD's FY2025 earnings at $0.68 EPS.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million during the quarter, compared to analysts' expectations of $498.68 million.

A number of other research firms have also issued reports on IAG. StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. BMO Capital Markets started coverage on IAMGOLD in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank upped their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, CIBC reiterated an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, IAMGOLD has an average rating of "Moderate Buy" and a consensus price target of $7.57.

IAMGOLD Price Performance

Shares of NYSE IAG traded down $0.15 on Tuesday, hitting $7.04. The company's stock had a trading volume of 10,282,192 shares, compared to its average volume of 10,145,362. The stock has a 50 day moving average of $6.28 and a 200-day moving average of $5.83. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 4.86 and a beta of 1.52. IAMGOLD has a 12-month low of $3.44 and a 12-month high of $8.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

Institutional Investors Weigh In On IAMGOLD

Several hedge funds have recently modified their holdings of IAG. Franklin Resources Inc. raised its stake in IAMGOLD by 5.3% during the fourth quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock worth $187,000 after purchasing an additional 1,836 shares during the period. CIBC Asset Management Inc raised its position in shares of IAMGOLD by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company's stock worth $3,615,000 after buying an additional 2,848 shares during the period. Bank of New York Mellon Corp raised its position in shares of IAMGOLD by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock worth $181,000 after buying an additional 3,961 shares during the period. Northwest & Ethical Investments L.P. boosted its holdings in IAMGOLD by 4.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company's stock valued at $473,000 after acquiring an additional 4,013 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its position in IAMGOLD by 4.2% during the fourth quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company's stock valued at $561,000 after acquiring an additional 4,399 shares during the period. 47.08% of the stock is owned by institutional investors and hedge funds.

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.