IAMGOLD (TSE:IMG) Stock Rating Upgraded by Raymond James

IAMGOLD (TSE:IMG) (NYSE:IAG) was upgraded by equities research analysts at Raymond James from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.28 EPS and FY2025 earnings at $1.13 EPS.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. National Bankshares reduced their target price on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average price target of C$8.30.

IAMGOLD Stock Down 2.6 %

Shares of TSE IMG opened at C$9.12 on Monday. IAMGOLD has a 1 year low of C$3.15 and a 1 year high of C$9.68. The firm’s 50 day moving average price is C$7.91 and its 200 day moving average price is C$7.20. The firm has a market cap of C$5.20 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period last year, the firm posted ($0.01) EPS. As a group, sell-side analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. 0.10% of the stock is owned by company insiders.

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.