IAMGOLD (NYSE:IAG) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Posted by Alanna Baker on Feb 22nd, 2025

IAMGOLD (NYSE:IAG – Get Free Report) (TSE:IMG) released its quarterly earnings results on Thursday. The mining company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05), Zacks reports. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The firm had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million.

IAMGOLD Stock Down 9.0 %

IAG opened at $5.75 on Friday. IAMGOLD has a fifty-two week low of $2.51 and a fifty-two week high of $6.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The firm’s fifty day moving average price is $5.76 and its two-hundred day moving average price is $5.39. The company has a market capitalization of $3.28 billion, a P/E ratio of 3.96 and a beta of 1.56.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on IAMGOLD

About IAMGOLD

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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.