Raymond James Predicts Weak Q1 Earnings for IAMGOLD

On March 4th, Raymond James announced changes to its earnings per share (EPS) estimates for IAMGOLD Co. (NYSE:IAG – Free Report) (TSE:IMG) concerning the first quarter of 2025. The financial services firm now predicts that IAMGOLD will report earnings of $0.13 per share for this period, a decrease from the earlier forecast of $0.19 per share. Presently, Raymond James has assigned a 'Hold' rating to the stock.

The consensus estimate for IAMGOLD's full-year earnings stands at $0.67 per share. Additionally, Raymond James has provided estimates for the upcoming quarters, forecasting earnings of $0.12 per share for both Q2 and Q3 of 2025, along with an identical expectation of $0.12 for Q4 of the same year.

Analyst Ratings Overview

IAMGOLD has garnered attention from various financial research firms. CIBC World Markets recently upgraded IAMGOLD shares from a 'hold' rating to a 'strong buy' rating on December 2nd. On that same date, CIBC also elevated its rating from 'neutral' to 'sector outperform'. However, on February 27th, StockNews.com downgraded IAMGOLD from a 'buy' rating to a 'hold' rating. Currently, analysts have issued a mix of ratings, with four analysts advising a hold rating, five recommending a buy, and one issuing a strong buy rating, resulting in a consensus rating of 'Moderate Buy' with an average target price of $6.57 according to MarketBeat.com.

IAMGOLD Stock Performance

As of Thursday, IAG stock opened at $5.48. Key financial metrics include a debt-to-equity ratio of 0.24, a quick ratio of 0.61, and a current ratio of 0.89. The company's stock has experienced a 52-week low of $2.90 and a high of $6.69. IAMGOLD currently holds a market cap of $3.13 billion and has a price-to-earnings (P/E) ratio of 3.78, with a beta of 1.56.

In terms of earnings, IAMGOLD's last reported results were released on February 20th, indicating an EPS of $0.10 for the last quarter. This figure fell short of the consensus estimate of $0.15 by $0.05. The firm recorded a net margin of 50.19% and a return on equity of 10.64%, with revenues reaching $469.90 million, compared to an anticipated $498.68 million.

Large Investors in IAMGOLD

Recently, several significant institutional investors have made adjustments to their IAMGOLD holdings. For instance, Tobam purchased a new stake during the fourth quarter valued at approximately $25,000. Blue Trust Inc. increased its investment in IAMGOLD shares by 157.1% during the same period, now owning 9,018 shares worth $47,000 after acquiring an additional 5,511 shares. Other institutional investors such as Raab & Moskowitz Asset Management LLC, Atria Wealth Solutions Inc., and Choreo LLC also bought new stakes in IAMGOLD, with 47.08% of the stock currently held by institutional investors.

About IAMGOLD

As an intermediate gold producer and developer, IAMGOLD Corporation operates through its subsidiaries in Canada and Burkina Faso. The company owns 100% of the Westwood project in Quebec, a 60% interest in the Côté gold project in Ontario, and a 90% interest in the Essakane project in Burkina Faso.

Conclusion

As IAMGOLD prepares to release its Q1 earnings, the recent bearish forecast from Raymond James may influence investor sentiment. The adjustments in earnings expectations coupled with the mixed reviews from other analysts indicate a cautious outlook for the company's financial performance in the upcoming quarter.

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