Raymond James Issues Bearish Q1 Earnings Forecast for IAMGOLD

On March 4, 2025, Raymond James announced a reduction in their earnings per share (EPS) estimates for IAMGOLD Co. (NYSE:IAG – Free Report) (TSE:IMG) regarding Q1 2025. Analyst F. Hamed has revised the expected Q1 EPS for the mining company down to $0.13, a decrease from the previous estimate of $0.19. Currently, Raymond James has assigned a "Hold" rating to IAMGOLD stock. The consensus projection for the company’s full-year earnings sits at $0.67 per share.

Raymond James has also provided forecasts for IAMGOLD’s earnings in upcoming quarters, anticipating a Q2 2025 EPS of $0.12, followed by an EPS of $0.12 for both Q3 and Q4 of 2025.

Market Sentiment and Analyst Ratings

IAMGOLD has been the subject of various discussions in different research reports. Notably, CIBC World Markets upgraded IAMGOLD shares from a "hold" to a "strong-buy" rating on December 2, 2024. Additionally, another report from CIBC changed their stance from "neutral" to "sector outperform" on the same day. In contrast, StockNews.com recently downgraded the shares from a "buy" to a "hold" rating on February 27, 2025. The overall consensus among analysts shows that four have rated the stock as a hold, five have assigned a buy rating, and one has given a strong buy designation. MarketBeat.com reports that IAMGOLD holds a consensus rating of "Moderate Buy" with an average target price set at $6.57.

IAMGOLD's Stock Performance

The shares of IAMGOLD opened at $5.48 on Thursday. The company currently has a debt-to-equity ratio of 0.24, a quick ratio of 0.61, and a current ratio of 0.89. Over the past 52 weeks, the stock has recorded a low of $2.90 and a high of $6.69. The firm’s fifty-day moving average stands at $5.84, while its 200-day moving average is $5.48. IAMGOLD has achieved a market capitalization of $3.13 billion, boasts a P/E ratio of 3.78, and has a beta of 1.56.

In its last earnings report released on February 20, 2025, IAMGOLD reported an EPS of $0.10, which fell short of the consensus estimate of $0.15 by $0.05. The company experienced a net margin of 50.19% and a return on equity of 10.64%. Revenue for the quarter was reported at $469.90 million, again missing the consensus estimate of $498.68 million.

Institutional Investment Activity

Recently, several large investors have modified their positions in IAMGOLD shares. Tobam acquired a new stake in IAMGOLD worth around $25,000 in the fourth quarter. Blue Trust Inc. increased its stake by 157.1%, now owning 9,018 shares valued at approximately $47,000 after adding 5,511 shares during the quarter. Additionally, Raab & Moskowitz Asset Management LLC, Atria Wealth Solutions Inc., and Choreo LLC all purchased new stakes in IAMGOLD valued at $56,000, $68,000, and $88,000, respectively. Currently, institutional investors collectively own about 47.08% of IAMGOLD stock.

Overview of IAMGOLD Corporation

IAMGOLD Corporation operates as an intermediate gold producer and developer through its subsidiaries. The company engages primarily in projects located in Canada and Burkina Faso. It owns a 100% interest in the Westwood project covering 1,925 hectares in Quebec, a 60% interest in the Côté gold project covering 596 square kilometers in Ontario, Canada, and a 90% interest in the Essakane project, which spans 274,000 square kilometers in Burkina Faso.

IAMGOLD, earnings, forecast