Iamgold (NYSE:IAG) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Iamgold (NYSE:IAG) (TSE:IMG) to a hold rating in a research note released on Monday, Marketbeat.com reports. Raymond James Financial currently has $8.00 price target on the mining company’s stock. Raymond James Financial also issued estimates for Iamgold’s Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $0.98 EPS.

A number of other analysts have also weighed in on the stock. BMO Capital Markets started coverage on shares of Iamgold in a research note on Wednesday, April 16th. They set an “outperform” rating for the company. National Bank Financial upgraded shares of Iamgold to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank raised their price objective on shares of Iamgold from $7.50 to $7.75 and gave the company a “sector perform” rating in a research note on Monday, May 12th. National Bankshares restated an “outperform” rating on shares of Iamgold in a research note on Tuesday, June 24th. Finally, CIBC raised their price objective on shares of Iamgold from $8.40 to $9.20 and gave the company an “outperformer” rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.29.

Iamgold Trading Up 2.2%

Shares of NYSE IAG opened at $7.44 on Monday. Iamgold has a 1 year low of $3.44 and a 1 year high of $8.38. The stock has a market cap of $4.28 billion, a P/E ratio of 5.28, a price-to-earnings-growth ratio of 0.37 and a beta of 1.15. The firm has a 50-day moving average of $7.06 and a 200 day moving average of $6.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.41 and a quick ratio of 0.83.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Iamgold had a net margin of 45.42% and a return on equity of 9.26%. The company had revenue of $457.23 million during the quarter, compared to analysts’ expectations of $578.70 million. As a group, sell-side analysts expect that Iamgold will post 0.67 EPS for the current fiscal year.

Institutional Trading of Iamgold

A number of large investors have recently made changes to their positions in the stock. Integrity Alliance LLC. bought a new stake in shares of Iamgold in the first quarter worth approximately $97,000. Mudita Advisors LLP grew its stake in shares of Iamgold by 41.1% in the first quarter. Mudita Advisors LLP now owns 2,081,400 shares of the mining company’s stock worth $13,002,000 after acquiring an additional 606,795 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Iamgold by 67.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,005,292 shares of the mining company’s stock worth $6,283,000 after acquiring an additional 404,645 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Iamgold by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,420,263 shares of the mining company’s stock worth $15,127,000 after acquiring an additional 144,160 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Iamgold by 79.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 179,403 shares of the mining company’s stock worth $1,121,000 after acquiring an additional 79,617 shares during the period. 47.08% of the stock is currently owned by institutional investors.

Iamgold Company Profile

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.