National Bank Financial Weighs in on IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the mining company will earn $0.82 per share for the year, up from their prior forecast of $0.79. The consensus estimate for IAMGOLD’s current full-year earnings is $0.57 per share.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada restated a “sector perform” rating and issued a $6.00 price objective on shares of IAMGOLD in a report on Tuesday, October 22nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, IAMGOLD has an average rating of “Moderate Buy” and a consensus target price of $6.57.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at $6.60 on Thursday. The business’s fifty day moving average price is $5.65 and its 200 day moving average price is $5.30. IAMGOLD has a twelve month low of $2.32 and a twelve month high of $6.69. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.77 billion, a P/E ratio of 5.16 and a beta of 1.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IAG. Russell Investments Group Ltd. increased its stake in IAMGOLD by 153.1% during the 4th quarter. Russell Investments Group Ltd. now owns 562,937 shares of the mining company’s stock worth $2,906,000 after buying an additional 340,535 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of IAMGOLD by 0.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company’s stock valued at $161,167,000 after acquiring an additional 216,751 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of IAMGOLD during the fourth quarter worth about $5,968,000. Geode Capital Management LLC lifted its stake in shares of IAMGOLD by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 274,756 shares of the mining company’s stock worth $1,435,000 after acquiring an additional 10,468 shares in the last quarter. Finally, RCF Management L.L.C. purchased a new position in IAMGOLD in the fourth quarter valued at about $128,174,000. 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.