IAMGOLD (TSE:IMG) Raised to “Hold” at 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 research report issued to clients and investors on Monday,Zacks.com reports. Raymond James also issued estimates for IAMGOLD’s Q1 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.28 EPS and FY2025 earnings at $1.13 EPS.

IMG has been the topic of a number of other reports. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. National Bankshares lowered 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. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lifted their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$8.30.

IAMGOLD Trading Down 2.6 %

IMG stock opened at C$9.12 on Monday. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The company has a market capitalization of C$5.20 billion, a PE ratio of 28.50, a P/E/G ratio of -0.28 and a beta of 1.47. The firm’s 50-day moving average is C$7.91 and its 200 day moving average is C$7.20. IAMGOLD has a 12 month low of C$3.15 and a 12 month high of C$9.68.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Thursday, November 7th. The mining company reported C$0.24 EPS 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 quarter in the prior year, the business posted ($0.01) EPS. On average, research analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current year.

Insider Activity

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of IAMGOLD stock in a transaction 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 IAMGOLD 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. Insiders own 0.10% 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.