Raymond James Expects Weak Q1 Earnings for IAMGOLD

On March 4, 2025, Raymond James announced that it has lowered its earnings per share (EPS) estimates for IAMGOLD Co. (NYSE:IAG, TSE:IMG) for the first quarter of 2025. Analyst F. Hamed adjusted expectations, now forecasting an EPS of $0.13 for the quarter, a decrease from the previous estimate of $0.19. Following this revision, Raymond James has maintained a "Hold" rating on IAMGOLD's stock. The consensus among analysts for IAMGOLD's total earnings for the current fiscal year stands at $0.67 per share. Furthermore, Raymond James has projected the company's Q2, Q3, and Q4 earnings for 2025 at $0.12 EPS each.

Recent Analyst Ratings

IAMGOLD has been the subject of several recent research reports beyond Raymond James. On December 2, Cibc World Markets upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating, while CIBC shifted its position from a "neutral" rating to a "sector outperform." However, StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating on February 27. Overall, analysts have provided a mix of opinions on the stock: four have given it a hold rating, five have issued buy ratings, and one has recommended a strong buy. According to MarketBeat.com, IAMGOLD holds a consensus rating of "Moderate Buy" with an average target price of $6.57.

IAMGOLD Stock Performance

As of Thursday, IAMGOLD's stock opened at $5.48. Its financial ratios include a debt-to-equity ratio of 0.24, a quick ratio of 0.61, and a current ratio of 0.89. The company has witnessed a low of $2.90 and a high of $6.69 over the past year. The fifty-day moving average is reported at $5.84, while the 200-day moving average stands at $5.48, indicating some stability. IAMGOLD boasts a market capitalization of $3.13 billion, a price-to-earnings (P/E) ratio of 3.78, and a beta of 1.56, suggesting it is somewhat more volatile than the market.

IAMGOLD's Recent Earnings Report

The company reported its latest earnings on February 20, revealing EPS of $0.10 for the quarter, which was below the consensus estimate of $0.15, missing the target by $0.05. IAMGOLD recorded a net margin of 50.19% and a return on equity of 10.64%. Their total revenue for the quarter was $469.90 million, falling short of the consensus estimate of $498.68 million.

Recent Institutional Trading Activity

Recently, several institutional investors have adjusted their holdings in IAMGOLD. Tobam acquired a new stake in the company worth approximately $25,000 in the fourth quarter. Additionally, Blue Trust Inc. increased its stake by 157.1%, holding 9,018 shares valued at $47,000 after adding 5,511 shares. Other entities, such as Raab & Moskowitz Asset Management LLC, Atria Wealth Solutions Inc., and Choreo LLC, have also taken new stakes in the company, with institutional investors currently holding 47.08% of IAMGOLD's stock.

About IAMGOLD Corporation

IAMGOLD Corporation, through its subsidiaries, is engaged in intermediate gold production and development in Canada and Burkina Faso. The company has a 100% interest in the Westwood project covering 1,925 hectares in Quebec, a 60% stake in the Côté gold project in Ontario comprising 596 square kilometers, and a 90% interest in the Essakane project that spans 274,000 square kilometers in Burkina Faso.

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