IAMGOLD (NYSE:IAG) Rating Increased to Hold at Raymond James

IAMGOLD (NYSE:IAG) (TSE:IMG) was upgraded by investment analysts at Raymond James from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors 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.

Other analysts have also issued research reports about the stock. National Bank Financial raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a research report on Tuesday, October 22nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC upgraded shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a report on Monday, December 2nd. Four investment 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. Based on data from MarketBeat.com, IAMGOLD presently has an average rating of “Moderate Buy” and a consensus target price of $6.57.

IAMGOLD Stock Performance

Shares of IAG stock opened at $6.37 on Monday. The company’s fifty day simple moving average is $5.55 and its 200-day simple moving average is $5.21. 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 firm has a market cap of $3.64 billion, a PE ratio of 4.97 and a beta of 1.56. IAMGOLD has a 12 month low of $2.32 and a 12 month high of $6.64.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $438.90 million for the quarter. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. During the same period in the prior year, the firm earned ($0.01) EPS. Equities research analysts expect that IAMGOLD will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On IAMGOLD

Several institutional investors and hedge funds have recently modified their holdings of IAG. Bank of New York Mellon Corp lifted its position in IAMGOLD by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock worth $181,000 after purchasing an additional 3,961 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in IAMGOLD during the fourth quarter worth about $174,000. Leuthold Group LLC lifted its position in IAMGOLD by 55.4% during the fourth quarter. Leuthold Group LLC now owns 876,813 shares of the mining company’s stock worth $4,524,000 after purchasing an additional 312,504 shares during the period. Atria Wealth Solutions Inc. bought a new stake in IAMGOLD during the fourth quarter worth about $68,000. Finally, CIBC Asset Management Inc lifted its position in IAMGOLD by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company’s stock worth $3,615,000 after purchasing an additional 2,848 shares during the period. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.