Raymond James Estimates IAMGOLD’s Q4 Earnings (NYSE:IAG)

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Equities research analysts at Raymond James upped their Q4 2024 earnings per share estimates for IAMGOLD in a report issued on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.18 per share for the quarter, up from their prior estimate of $0.16. Raymond James has a “Underperform” rating and a $6.00 price objective on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.60 per share. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.79 EPS.

IAG has been the topic of a number of other reports. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating and boosted their price target for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.00 price objective on shares of IAMGOLD in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at $5.46 on Friday. The firm’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $5.02. IAMGOLD has a 12 month low of $2.23 and a 12 month high of $6.37. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 4.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IAG. Millennium Management LLC grew its stake in shares of IAMGOLD by 194.2% during the 2nd quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock worth $29,573,000 after purchasing an additional 5,204,715 shares during the period. FMR LLC boosted its holdings in IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after buying an additional 4,577,599 shares in the last quarter. Van ECK Associates Corp grew its position in IAMGOLD by 8.8% during the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after buying an additional 4,267,084 shares during the period. Two Sigma Advisers LP increased its holdings in IAMGOLD by 58.8% in the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock valued at $52,735,000 after buying an additional 3,732,315 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of IAMGOLD by 130.6% during the 3rd quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock valued at $28,385,000 after acquiring an additional 3,049,252 shares during the period. Hedge funds and other institutional investors own 47.08% of the company’s stock.

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.