IAMGOLD (IMG) AI Stock Analysis

• Market Cap: $14.68B
• Dividend Yield: N/A
• Average Volume (3M): 2.18M
• Price to Earnings (P/E): 29.0
• Beta (1Y): 2.50
• Revenue Growth: 56.17%
• EPS Growth: -51.73%
• Country: CA
• Employees: 3,700
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.42
• Shares Outstanding: 594,000,850
• 10 Day Avg. Volume: 3,013,235
• 30 Day Avg. Volume: 2,177,939
• PEG Ratio: <0.01
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 1.71
• P/FCF Ratio: -18.41
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 5.17
• Enterprise Value/Gross Profit: 15.55
• Enterprise Value/Ebitda: 11.36
• 1Y Price Target: $28.14
• Price Target Upside: 13.89% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$27.00 ▲(9.27% Upside)

The score is driven by solid fundamentals (profitability, moderate leverage) and strong technical trend support, reinforced by earnings-call positives like record free cash flow, debt reduction, and a buyback plan. Offsetting factors are weak free cash flow trends in the financial statements, overbought technical readings, and a relatively high P/E with no dividend yield provided.

Positive Factors

Strong ROE & capital structure

A high ROE (23.8%) coupled with a ~66% equity ratio shows efficient use of shareholder capital and a conservative funding mix. Durable strong returns and moderate leverage (D/E ~0.35) support reinvestment capacity and financial resilience across multi-month cycles.

Record free cash flow generation

Record mine-site free cash flow demonstrates the company can convert higher production into cash. Sustained FCF improves ability to reduce net debt, fund sustaining and growth capex, and execute buybacks, materially enhancing balance sheet flexibility over the medium term.

Côté Gold production ramp-up

Côté Gold's ramp to record output expands the company's low-cost production base and scale. A durable increase in core mine output lowers unit costs, supports annual guidance, and underpins more predictable revenue and cash generation over the next several quarters.

Negative Factors

Weak free cash flow trend

A dramatic decline in FCF growth and very low FCF-to-net income indicate poor cash conversion after capex. Structurally constrained free cash limits reinvestment, debt reduction pace and shareholder distributions without altering capital allocation or asset strategy.

High production costs and AISC

Persistently high cash costs and AISC shrink per-ounce economics and make margins highly sensitive to cost inflation and royalties. Over months this reduces incremental cash generated per ounce, constraining FCF upside and making financial outcomes more vulnerable to adverse cost trends.

Operational issues at Westwood

Site-specific ground instability and dilution lower recoveries and predictability of output. Such geological and operational challenges can persist, raising sustaining costs and capital needs, and undermine medium-term production plans that support revenue and cash-flow forecasts.

IAMGOLD Business Overview & Revenue Model

Company Description

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada. Its exploration and development projects include the Pitangui project in Brazil; the Karita project located in Guinea; the Diakha-Siribaya project situated in Mali; and the Nelligan and Monster Lake projects located in Quebec, Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

How the Company Makes Money

IAMGOLD generates revenue primarily through the production and sale of gold. The company operates several gold mines, which contribute significantly to its earnings by extracting gold ore and processing it into refined gold. Key revenue streams include the sale of gold bullion, which is influenced by market prices, and the production of gold from its mining operations. Additionally, IAMGOLD may engage in hedging strategies to manage price volatility and secure future revenues. The company also explores joint ventures and partnerships to enhance its operational capabilities and may receive royalties from various mining projects. Factors contributing to its earnings include operational efficiency, gold market dynamics, and cost management initiatives.

IAMGOLD Financial Statement Overview

Summary

Income statement strength (revenue growth 13.62% TTM and strong margins) is offset by weakening EBIT margin and a weak cash flow profile (free cash flow growth -369.10% TTM and low FCF-to-net income). Balance sheet leverage is moderate (D/E 0.35) with solid ROE (23.81%).

Income Statement

IAMGOLD has shown a strong revenue growth rate of 13.62% in the TTM, indicating a positive trajectory. The gross profit margin of 32.21% and net profit margin of 40.61% are robust, reflecting efficient cost management and profitability. However, the EBIT margin has decreased from 59.68% in 2024 to 53.54% in the TTM, suggesting some operational challenges. Overall, the income statement reflects a solid financial performance with room for improvement in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio of 0.35 in the TTM indicates a moderate level of leverage, which is stable compared to previous years. The return on equity (ROE) of 23.81% is strong, showcasing effective use of equity to generate profits. The equity ratio of 66.32% suggests a healthy capital structure. While the balance sheet is stable, maintaining or improving the ROE will be crucial for future growth.

Cash Flow

IAMGOLD's cash flow statement shows a decline in free cash flow growth by -369.10% in the TTM, which is a concern. The operating cash flow to net income ratio is nearly 1, indicating that operating cash flows are closely aligned with net income. However, the free cash flow to net income ratio is low at 3.40%, suggesting limited cash available after capital expenditures. Improving free cash flow generation will be essential for financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.23B	1.63B	987.10M	958.80M	1.15B	1.24B
Gross Profit	743.50M	549.90M	124.10M	147.90M	2.70M	250.30M
EBITDA	1.02B	1.25B	315.40M	273.60M	219.00M	375.90M
Net Income	344.00M	819.60M	94.30M	-36.40M	-255.10M	42.60M
Balance Sheet
Total Assets	5.38B	5.37B	4.54B	4.43B	3.97B	4.15B
Cash, Cash Equivalents and Short-Term Investments	315.30M	348.50M	367.10M	407.80M	552.50M	947.50M
Total Debt	1.09B	1.15B	952.10M	992.50M	530.00M	533.40M
Total Liabilities	1.79B	1.97B	2.27B	2.22B	1.65B	1.61B
Stockholders Equity	3.57B	3.34B	2.21B	2.13B	2.24B	2.46B
Cash Flow
Free Cash Flow	125.40M	-151.40M	-817.30M	-371.80M	-370.20M	30.40M
Operating Cash Flow	543.50M	486.00M	159.40M	408.70M	285.00M	347.60M
Investing Cash Flow	-322.70M	-582.40M	-402.30M	-891.90M	-630.70M	-246.20M
Financing Cash Flow	-471.00M	83.30M	201.70M	404.00M	-41.20M	800.00K

IAMGOLD Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 24.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMG, the sentiment is Neutral. The current price of 24.71 is below the 20-day moving average (MA) of 25.80, above the 50-day MA of 23.26, and above the 200-day MA of 15.29, indicating a neutral trend. The MACD of 1.43 indicates Positive momentum. The RSI at 46.92 is Neutral, neither overbought nor oversold. The STOCH value of 54.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:IMG.

IAMGOLD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGC	78 Outperform	$10.08B	20.47	21.15%	0.42%	51.00%	532.40%
NGD	73 Outperform	C$10.83B	31.48	22.29%	―	48.70%	1718.41%
EQX	73 Outperform	$15.29B	285.21	1.41%	―	90.17%	-91.76%
EDV	70 Outperform	C$17.93B	28.80	16.65%	2.31%	73.23%	―
IMG	69 Neutral	$14.68B	29.01	10.09%	―	56.17%	-51.73%
BTO	67 Neutral	$8.86B	32.38	6.90%	1.71%	34.31%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

IAMGOLD Corporate Events

IAMGOLD Hits Record Operational Milestones in 2025 and Sets Growth-Focused 2026 Plan

IAMGOLD reported preliminary 2025 results showing attributable gold production of 765,900 ounces, in line with guidance, with record quarterly output at all three operating mines and particularly strong performance from the new Côté Gold mine, alongside expected record revenues driven by high realized gold prices. For 2026, the company is guiding attributable production of 720,000 to 820,000 ounces with tighter cost targets, higher sustaining and expansion capital at Côté to optimize operations and de‑risk a planned expansion, and a materially higher exploration budget at its Nelligan Mining Complex, underscoring a strategy to solidify its position as a high‑cash‑flow mid‑tier producer with significant long‑term growth potential.

The most recent analyst rating on (TSE:IMG) stock is a Buy with a C$27.00 price target. To see the full list of analyst forecasts on IAMGOLD stock, see the TSE:IMG Stock Forecast page.

IAMGOLD Closes Northern Superior Deal, Expands Quebec Gold Footprint

IAMGOLD Corporation has completed its acquisition of Northern Superior Resources, making Northern Superior a wholly owned subsidiary and consolidating ownership of key exploration assets in Quebec’s Chibougamau-Chapais region. The all-share-and-cash transaction, which will see Northern Superior delisted and cease to be a reporting issuer, folds the Nelligan, Philibert and Monster Lake properties into IAMGOLD’s Nelligan Mining Complex, elevating it to one of Canada’s largest pre-production gold projects. This bolsters IAMGOLD’s growth pipeline alongside its Côté Gold mine, aligning project scale and timelines and potentially strengthening the company’s long-term production profile and strategic position in the Canadian gold sector.

The most recent analyst rating on (TSE:IMG) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on IAMGOLD stock, see the TSE:IMG Stock Forecast page.