Raymond James Has Positive Estimate for IAMGOLD Q4 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Research analysts at Raymond James increased their Q4 2024 EPS estimates for shares of IAMGOLD in a research note issued on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.18 per share for the quarter, up from their previous estimate of $0.16. Raymond James currently has a “Underperform” rating and a $6.00 target price on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.60 per share. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.79 EPS.

A number of other research analysts have also recently weighed in on IAG. CIBC upgraded shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating and upped their price target for the stock from $7.75 to $10.50 in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD has an average rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Stock Performance

NYSE IAG opened at $5.46 on Friday. The company has a market cap of $3.12 billion, a P/E ratio of 4.26 and a beta of 1.56. IAMGOLD has a 1-year low of $2.23 and a 1-year high of $6.37. 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 stock has a 50-day moving average of $5.39 and a two-hundred day moving average of $5.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IAG. ORG Partners LLC purchased a new stake in IAMGOLD during the third quarter worth approximately $29,000. Eastern Bank acquired a new stake in IAMGOLD during the third quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of IAMGOLD during the 3rd quarter worth approximately $700,000. WINTON GROUP Ltd acquired a new position in shares of IAMGOLD in the 2nd quarter valued at $52,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of IAMGOLD in the 3rd quarter valued at $93,000. 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.