Equities Analysts Issue Forecasts for IAMGOLD Q1 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of IAMGOLD in a note issued to investors on Tuesday, April 22nd. National Bank Financial analyst M. Sidibe forecasts that the mining company will earn $0.11 per share for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share. National Bank Financial also issued estimates for IAMGOLD’s FY2025 earnings at $0.88 EPS and FY2026 earnings at $1.23 EPS.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. BMO Capital Markets started coverage on IAMGOLD in a research report on Wednesday, April 16th. They set an “outperform” rating on the stock. Raymond James reissued a “market perform” rating and set a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. Scotiabank lifted their price objective on IAMGOLD from $6.75 to $7.50 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Finally, CIBC reaffirmed an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.57.

IAMGOLD Trading Down 0.4 %

Shares of NYSE IAG opened at $7.19 on Thursday. The stock has a fifty day simple moving average of $6.27 and a 200-day simple moving average of $5.81. IAMGOLD has a twelve month low of $3.44 and a twelve month high of $8.38. 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 $4.13 billion, a PE ratio of 4.96 and a beta of 1.52.

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

Hedge Funds Weigh In On IAMGOLD

Several hedge funds have recently made changes to their positions in IAG. Franklin Resources Inc. boosted its position in shares of 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 period. CIBC Asset Management Inc boosted its holdings in shares of IAMGOLD by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company’s stock valued at $3,615,000 after acquiring an additional 2,848 shares during the period. Bank of New York Mellon Corp grew its position in shares of IAMGOLD by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock worth $181,000 after acquiring an additional 3,961 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of IAMGOLD by 4.6% in the 4th 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 period. Finally, Freedom Investment Management Inc. raised its position in IAMGOLD by 4.2% in the 4th quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company’s stock valued at $561,000 after purchasing an additional 4,399 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company’s stock.

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.