IAMGOLD Experiences Surge in Options Trading Activity (NYSE:IAG)

On February 28th, 2025, IAMGOLD Co. (NYSE:IAG – Get Free Report) (TSE:IMG) saw a notable spike in options trading, with traders acquiring a total of 5,008 put options on its stock. This figure reflects an increase of about 143% compared to the average volume of 2,057 put options typically traded.

Institutional Changes in Investment Positions

Recently, several hedge funds have adjusted their holdings in IAMGOLD. Notably, Tobam initiated a new investment in the fourth quarter valued at approximately $25,000. Blue Trust Inc. significantly expanded its stake by 157.1% during the same period, now owning 9,018 shares worth $47,000 following an acquisition of 5,511 additional shares. Moreover, Raab & Moskowitz Asset Management LLC also entered a new position in IAMGOLD during the fourth quarter, investing around $56,000. Atria Wealth Solutions Inc. similarly acquired new shares worth approximately $68,000 during the fourth quarter. Lastly, International Assets Investment Management LLC bought a new stake in IAMGOLD estimated at about $700,000 in the third quarter. Currently, institutional investors hold 47.08% of the company’s stock.

IAG's Recent Trading Performance

IAMGOLD's stock opened at $5.45 on Friday, marking a 6.6% decline. Over the past year, the company has experienced a low of $2.53 and a high of $6.69. Its market capitalization stands at $3.11 billion, with a P/E ratio of 3.76 and a beta of 1.56. Additional metrics include a debt-to-equity ratio of 0.24, a quick ratio of 0.61, and a current ratio of 0.89. IAMGOLD's 50-day simple moving average is at $5.79, while the 200-day average is $5.46.

On February 20th, IAMGOLD released its latest quarterly earnings, reporting an EPS of $0.10, which fell short of analysts’ expectations of $0.15 by $0.05. The company recorded a net margin of 50.19% and a return on equity of 10.64%. Its revenue for the quarter was $469.90 million, compared to anticipated earnings of $498.68 million. Analysts project an EPS of 0.67 for the current fiscal year.

Insights from Wall Street Analysts

Several financial research firms have recently provided updates regarding IAMGOLD's stock. StockNews.com downgraded the stock from a "buy" to a "hold" rating in a report on Thursday. Conversely, Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating last December. Raymond James also raised IAMGOLD from a "strong sell" to a "hold" rating in early February. Additionally, CIBC increased its rating from "neutral" to "sector outperform" in December. Presently, four analysts have issued a "hold" rating, five have given a "buy" rating, and one has rated the stock as a "strong buy," resulting in an average rating of "Moderate Buy" and an average target price of $6.57 according to MarketBeat.com.

Company Overview

IAMGOLD Corporation operates as an intermediate gold producer and developer through its subsidiaries in Canada and Burkina Faso. The company holds a 100% interest in the Westwood project (1,925 hectares) located in Quebec, a 60% interest in the Côté gold project (596 square kilometers) in Ontario, and a 90% interest in the Essakane project (274,000 square kilometers) situated in Burkina Faso.

IAMGOLD, Trading, Options