IAMGOLD (NYSE:IAG) Stock Rating Upgraded by Raymond James

IAMGOLD (NYSE:IAG) (TSE:IMG) was upgraded by research analysts at Raymond James from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.19 EPS and FY2025 earnings at $0.78 EPS.

A number of other analysts have also issued reports on IAG. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their target price for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. National Bank Financial raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Stock Down 1.2 %

NYSE IAG opened at $6.37 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $5.55 and a two-hundred day moving average of $5.21. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 4.97 and a beta of 1.56. IAMGOLD has a 52 week low of $2.32 and a 52 week high of $6.64.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The company had revenue of $438.90 million during the quarter. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. During the same period in the previous year, the firm earned ($0.01) earnings per share. On average, analysts predict that IAMGOLD will post 0.58 earnings per share for the current year.

Institutional Trading of IAMGOLD

A number of hedge funds have recently added to or reduced their stakes in IAG. Tobam bought a new position in IAMGOLD in the fourth quarter worth about $25,000. ORG Partners LLC bought a new position in IAMGOLD in the third quarter worth about $29,000. Eastern Bank bought a new position in IAMGOLD in the third quarter worth about $30,000. Blue Trust Inc. raised its holdings in IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock worth $47,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC bought a new position in IAMGOLD in the fourth quarter worth about $56,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

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.