What is Cormark’s Estimate for IAMGOLD Q1 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Analysts at Cormark lowered their Q1 2025 earnings per share estimates for shares of IAMGOLD in a research report issued to clients and investors on Wednesday, February 26th. Cormark analyst R. Gray now forecasts that the mining company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.12. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share. Cormark also issued estimates for IAMGOLD’s Q2 2025 earnings at $0.06 EPS and Q3 2025 earnings at $0.09 EPS.

A number of other equities research analysts have also commented on IAG. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. Finally, StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Stock Performance

Shares of IAG stock opened at $5.82 on Thursday. The company has a market capitalization of $3.33 billion, a P/E ratio of 4.02 and a beta of 1.56. IAMGOLD has a 52 week low of $2.53 and a 52 week high of $6.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The company’s 50 day moving average price is $5.78 and its two-hundred day moving average price is $5.46.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million.

Institutional Investors Weigh In On IAMGOLD

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of IAMGOLD by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company’s stock valued at $187,000 after buying an additional 1,836 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of IAMGOLD by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company’s stock valued at $3,615,000 after acquiring an additional 2,848 shares during the period. Bank of New York Mellon Corp increased its stake in shares of IAMGOLD by 12.7% during the 4th 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 last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of IAMGOLD by 4.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock valued at $473,000 after purchasing an additional 4,013 shares during the period. Finally, Freedom Investment Management Inc. raised its holdings in shares of IAMGOLD by 4.2% in the 4th quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company’s stock valued at $561,000 after purchasing an additional 4,399 shares during the period. Institutional investors own 47.08% of the company’s stock.

About IAMGOLD

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.