Cormark Estimates IAMGOLD’s FY2025 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Cormark decreased their FY2025 EPS estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, February 26th. Cormark analyst R. Gray now forecasts that the mining company will earn $0.31 per share for the year, down from their previous estimate of $0.62. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share. Cormark also issued estimates for IAMGOLD’s Q4 2025 earnings at $0.10 EPS and FY2026 earnings at $0.69 EPS.

A number of other research firms have also recently issued reports on IAG. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, StockNews.com lowered IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Stock Down 6.6 %

Shares of IAMGOLD stock opened at $5.45 on Friday. The stock has a 50-day simple moving average of $5.80 and a 200-day simple moving average of $5.46. IAMGOLD has a 52-week low of $2.53 and a 52-week high of $6.69. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 3.76 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

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

Institutional Trading of IAMGOLD

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAG. Tobam bought a new stake in shares of IAMGOLD in the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after purchasing an additional 5,511 shares during the last quarter. Raab & Moskowitz Asset Management LLC bought a new stake in IAMGOLD in the 4th quarter valued at $56,000. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD in the 4th quarter worth $68,000. Finally, Choreo LLC bought a new position in shares of IAMGOLD during the 4th quarter worth about $88,000. Institutional investors and hedge funds 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.