FY2025 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities researchers at Raymond James dropped their FY2025 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued to clients and investors on Tuesday, March 4th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.49 per share for the year, down from their previous forecast of $0.78. Raymond James has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

A number of other research firms have also recently commented on IAG. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Price Performance

Shares of NYSE IAG opened at $5.48 on Friday. The stock has a market capitalization of $3.13 billion, a PE ratio of 3.78 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. The business has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $5.48. IAMGOLD has a fifty-two week low of $2.90 and a fifty-two week high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company had revenue of $469.90 million during 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IAG. GSA Capital Partners LLP acquired a new position in IAMGOLD during the 3rd quarter worth approximately $296,000. Aigen Investment Management LP raised its stake in IAMGOLD by 10.6% during the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after buying an additional 6,704 shares during the period. CIBC Asset Management Inc raised its stake in IAMGOLD by 2.6% during the 3rd quarter. CIBC Asset Management Inc now owns 698,107 shares of the mining company’s stock worth $3,661,000 after buying an additional 17,608 shares during the period. PCJ Investment Counsel Ltd. raised its stake in IAMGOLD by 213.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 942,900 shares of the mining company’s stock worth $4,942,000 after buying an additional 641,750 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in IAMGOLD by 158.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company’s stock worth $24,301,000 after buying an additional 2,839,556 shares during the period. 47.08% of the stock is owned by institutional investors and hedge funds.

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.