Raymond James Issues Bearish Outlook for IAMGOLD's Q1 Earnings

On March 7, 2025, IAMGOLD Corporation (NYSE:IAG) received a revised earnings forecast from Raymond James, indicating a bearish outlook for its Q1 2025 performance. Analyst F. Hamed from Raymond James announced on March 4 that they have lowered their earnings per share (EPS) estimate for IAMGOLD to $0.13, down from a previous estimate of $0.19.

Raymond James has maintained a "Hold" rating on IAMGOLD's stock. Currently, the consensus estimate for IAMGOLD’s full-year EPS stands at $0.67. The firm has also projected future quarterly earnings, with expectations of $0.12 EPS for Q2, Q3, and Q4 of 2025.

Recent Analyst Views

IAMGOLD has been under the spotlight from multiple research reports. For instance, CIBC World Markets upgraded the company's rating from "hold" to "strong-buy" on December 2. According to MarketBeat.com, IAMGOLD holds a consensus rating of "Moderate Buy," with an average target price of $6.57 per share.

Current Stock Performance

As of Thursday, IAMGOLD's stock opened at $5.48. Financial metrics indicate a debt-to-equity ratio of 0.24 and a market capitalization of approximately $3.13 billion. The company’s share price has fluctuated between a low of $2.90 and a high of $6.69 over the past year. IAMGOLD's price performance shows it has a P/E ratio of 3.78 and a beta of 1.56.

Previously, on February 20, IAMGOLD reported its Q4 earnings, posting $0.10 EPS, which missed the consensus estimate of $0.15 by $0.05. The revenue for this quarter was reported at $469.90 million, below the expected $498.68 million.

Institutional Investments in IAMGOLD

There have been notable changes in institutional holdings of IAMGOLD. A few investors, such as Tobam and Blue Trust Inc., have recently acquired stakes in the company. Following this trend, Raab & Moskowitz Asset Management and Atria Wealth Solutions have also increased their investments, pointing to a growing interest in the stock. Currently, around 47% of IAMGOLD's shares are owned by institutional investors.

About IAMGOLD

IAMGOLD Corporation is an intermediate gold producer with operations in Canada and Burkina Faso. The company fully owns the Westwood project in Quebec, has a 60% interest in the Côté gold project in Ontario, and holds a 90% interest in the Essakane project in Burkina Faso.

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