IAMGOLD (TSE:IMG) Upgraded by Raymond James to Hold Rating

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

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bank Financial upgraded 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. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Finally, National Bankshares decreased their price objective on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. Two 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. According to data from MarketBeat.com, IAMGOLD has an average rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Trading Down 2.6 %

TSE IMG opened at C$9.12 on Monday. IAMGOLD has a one year low of C$3.15 and a one year high of C$9.68. The company has a 50-day simple moving average of C$7.91 and a 200-day simple moving average of C$7.20. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The firm has a market capitalization of C$5.20 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

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

Insiders Place Their Bets

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was 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 dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. Company insiders own 0.10% 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.