Stifel Canada Weighs in on IAMGOLD’s Q1 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Investment analysts at Stifel Canada issued their Q1 2025 EPS estimates for IAMGOLD in a research report issued to clients and investors on Monday, April 21st. Stifel Canada analyst I. Rico anticipates that the mining company will post earnings per share of $0.08 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.

A number of other equities research analysts have also weighed in on IAG. CIBC reiterated an “outperform” rating on shares of IAMGOLD in a research report on Thursday, March 20th. Scotiabank lifted their price target 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. StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. BMO Capital Markets began coverage on shares of IAMGOLD in a research note on Wednesday, April 16th. They set an “outperform” rating on the stock. Finally, Raymond James reissued a “market perform” rating and issued a $8.00 price target on shares of IAMGOLD in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.57.

IAMGOLD Price Performance

IAG stock opened at $7.64 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 5.27 and a beta of 1.52. IAMGOLD has a 12-month low of $3.44 and a 12-month high of $8.38. The firm’s 50-day moving average price is $6.24 and its two-hundred day moving average price is $5.78.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $469.90 million during the quarter, compared to analysts’ expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%.

Institutional Investors Weigh In On IAMGOLD

Hedge funds have recently added to or reduced their stakes in the stock. RCF Management L.L.C. purchased a new position in shares of IAMGOLD in the 4th quarter worth about $128,174,000. Millennium Management LLC raised its holdings in IAMGOLD by 88.4% in the fourth quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company’s stock worth $53,307,000 after buying an additional 4,846,254 shares during the last quarter. Invesco Ltd. lifted its stake in shares of IAMGOLD by 41.6% in the fourth quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company’s stock worth $36,842,000 after buying an additional 2,098,215 shares in the last quarter. American Century Companies Inc. increased its position in shares of IAMGOLD by 25.9% during the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock valued at $52,499,000 after acquiring an additional 2,092,803 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of IAMGOLD by 54.0% during the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock valued at $26,452,000 after acquiring an additional 1,795,869 shares in the last quarter. 47.08% of the stock is owned by institutional investors.

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.