Raymond James Issues Negative Forecast for IAMGOLD Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Raymond James cut their Q1 2025 earnings estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, March 4th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.28. Raymond James currently has a “Hold” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD’s Q3 2025 earnings at $0.17 EPS.

A number of other research firms have also recently weighed in on IMG. National Bankshares boosted their target price on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$8.68.

IAMGOLD Price Performance

TSE IMG opened at C$8.13 on Thursday. The firm’s fifty day simple moving average is C$8.37 and its two-hundred day simple moving average is C$7.68. The firm has a market capitalization of C$3.30 billion, a P/E ratio of 4.22, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 12-month low of C$3.88 and a 12-month high of C$9.68.

Insider Activity at IAMGOLD

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Lawrence Peter O’hagan bought 4,800 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of C$8.11 per share, with a total value of C$38,918.88. Insiders have bought a total of 40,800 shares of company stock worth $329,549 over the last quarter. Insiders own 0.10% 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.