Raymond James Downgrades IAMGOLD's Q1 Earnings Forecast

On March 7, 2025, it was reported that Raymond James has revised its estimates for IAMGOLD Co. (NYSE:IAG) regarding its earnings per share (EPS) for the first quarter of 2025. The analyst F. Hamed has lowered the earnings projection to $0.13 per share from a previous forecast of $0.19. The company's stock currently holds a "Hold" rating from Raymond James. For the current fiscal year, the consensus estimate for IAMGOLD’s earnings is set at $0.67 per share.

In addition to the Q1 forecast, Raymond James also provided estimates for IAMGOLD’s earnings in the subsequent quarters, projecting EPS of $0.12 for both Q2 and Q3, as well as for Q4 of 2025. This uniform expectation suggests a steady performance over the remaining quarters.

Analyst Ratings and Market Reaction

Other analysts have diverse opinions on IAMGOLD's stock. CIBC World Markets recently elevated its rating from "hold" to "strong buy," indicating a positive shift in sentiment. Meanwhile, StockNews.com downgraded the stock from a "buy" to a "hold" rating. Analysts currently have a mixture of ratings on the stock: four have designated a hold rating, five have issued buy ratings, and one has given it a strong buy rating. According to MarketBeat.com, IAMGOLD holds a consensus rating of "Moderate Buy" with an average target price of $6.57.

IAMGOLD's Recent Performance and Financial Metrics

IAG's stock was trading at $5.48 recently. The company’s financial metrics reveal a debt-to-equity ratio of 0.24, with a quick ratio of 0.61 and current ratio of 0.89. Over the past year, IAMGOLD's stock has fluctuated between a low of $2.90 and a high of $6.69. The fifty-day moving average stands at $5.84, while the 200-day moving average is at $5.48.

In its latest earnings announcement on February 20, 2025, IAMGOLD reported an EPS of $0.10, which was below the consensus estimate of $0.15. The company achieved a net margin of 50.19% and a return on equity of 10.64%, with revenue reported at $469.90 million, falling short of the expected $498.68 million.

Changes in Institutional Holdings

Recently, numerous institutional investors have adjusted their stakes in IAMGOLD. For instance, Tobam acquired a new position estimated at around $25,000 during the fourth quarter. Blue Trust Inc. increased its holdings by 157.1%, now owning 9,018 shares valued at about $47,000 after acquiring an additional 5,511 shares. Other notable acquisitions include Raab & Moskowitz Asset Management LLC and Atria Wealth Solutions Inc., both of which added new stakes valued at $56,000 and $68,000, respectively. Overall, institutional investors currently control 47.08% of IAMGOLD's stock.

About IAMGOLD Corporation

IAMGOLD Corporation operates as an intermediate gold producer and developer, with substantial interests in properties located in Canada and Burkina Faso. The company wholly owns the Westwood project in Quebec, holds a 60% interest in the Côté gold project in Ontario, and possesses a 90% interest in the Essakane project situated in Burkina Faso.

Conclusion

In light of the bearish forecast from Raymond James, investors may want to closely monitor IAMGOLD's upcoming earnings and any responses from other analysts regarding its market trajectory. Understanding the changing sentiment and financial metrics is crucial as the company navigates through 2025.

IAMGOLD, Earnings, Analysts