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IAMGOLD Corp (TSE:IMG)
TSX:IMG

IAMGOLD (IMG) AI Stock Analysis

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IAMGOLD

(TSX:IMG)

Rating:70Outperform
Price Target:
C$10.00
▲( 8.11% Upside)
IAMGOLD's strong valuation due to its low P/E ratio, combined with solid financial performance, drives the overall score. The earnings call provided mixed insights, with strong production and financial position tempered by higher operational costs. Technical analysis presents a neutral to slightly bearish outlook, impacting the score.
Positive Factors
Financial Stability
IAMGOLD Corp plans to restructure its high-cost debt into a lower-cost facility, which will enhance financial stability.
Margin Expansion
The Côté asset is expected to drive margin expansion for IAMGOLD Corp by bringing high-volume, lower-cost ounces into production.
Negative Factors
Operational Challenges
The ramp-up of Côté Gold faced challenges, notably with the crushing and grinding circuits, leading to unscheduled downtimes.

IAMGOLD (IMG) vs. iShares MSCI Canada ETF (EWC)

IAMGOLD Business Overview & Revenue Model

Company DescriptionIAMGOLD Corporation is a mid-tier mining company primarily engaged in the exploration, development, and production of gold. The company operates in several countries, focusing on gold mining projects and leveraging its expertise in the mining sector to enhance production and efficiency. Key operations include mines in North America, South America, and West Africa. IAMGOLD aims to create sustainable value for its stakeholders by optimizing operations and exploring new opportunities in the gold sector.
How the Company Makes MoneyIAMGOLD makes money primarily through the extraction and sale of gold from its mining operations. The company generates revenue by producing gold at its various mining sites and selling it on the global market. Key revenue streams include the sale of gold bullion and, to a lesser extent, by-products such as silver. IAMGOLD's earnings are influenced by factors such as gold market prices, production costs, and operational efficiency. The company may also engage in strategic partnerships and joint ventures to enhance its mining capabilities and expand its resource base, contributing to its overall revenue.

IAMGOLD Financial Statement Overview

Summary
IAMGOLD presents a strong financial position with growing revenues and robust profitability margins, particularly in its EBIT and EBITDA. While leverage is under control, the overall stability of the financial structure is slightly impacted by high liabilities. The negative free cash flow highlights a need for careful capital allocation to ensure sustainable growth without compromising liquidity.
Income Statement
77
Positive
IAMGOLD has shown a solid revenue growth of approximately 8.47% over the TTM (Trailing-Twelve-Months), and both EBIT and EBITDA margins are strong at 54.74% and 73.50% respectively, indicating strong operational efficiency. The gross profit margin stands at 33.05%, showing improvement in profitability. However, the net profit margin decreased slightly to 45.43% in the TTM, down from 50.18% in the previous year due to higher operating expenses.
Balance Sheet
68
Positive
The company's balance sheet reflects a moderate debt-to-equity ratio of 0.34, indicating manageable leverage. The equity ratio is robust at 62.95%, suggesting strong asset backing by equity. Return on Equity (ROE) improved significantly to 23.72%, but potential risks include high total liabilities compared to historical levels, which could constrain future financing options.
Cash Flow
60
Neutral
IAMGOLD's cash flow reveals challenges with free cash flow being negative at -$104 million, indicating high capital expenditures relative to cash generated from operations. The operating cash flow to net income ratio is 0.60, suggesting good cash generation from operations. However, consistent negative free cash flow poses a concern for long-term sustainability if capital spending remains high.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
1.77B1.63B987.10M958.80M1.15B1.24B
Gross Profit
585.40M549.90M124.10M147.90M2.70M250.30M
EBIT
969.60M944.00M-300.00K58.80M-103.30M74.10M
EBITDA
1.30B1.25B315.40M273.60M219.00M375.90M
Net Income Common Stockholders
804.50M819.60M94.30M-36.40M-255.10M42.60M
Balance SheetCash, Cash Equivalents and Short-Term Investments
317.30M348.50M367.10M407.80M552.50M947.50M
Total Assets
5.39B5.37B4.54B4.43B3.97B4.15B
Total Debt
1.15B1.15B952.10M992.50M530.00M533.40M
Net Debt
832.00M805.60M585.00M584.70M-14.90M-408.10M
Total Liabilities
1.93B1.97B2.27B2.22B1.65B1.61B
Stockholders Equity
3.39B3.34B2.21B2.13B2.24B2.46B
Cash FlowFree Cash Flow
-104.00M-151.40M-817.30M-371.80M-370.20M30.40M
Operating Cash Flow
483.20M486.00M159.40M408.70M285.00M347.60M
Investing Cash Flow
-504.60M-582.40M-402.30M-891.90M-630.70M-246.20M
Financing Cash Flow
44.00M83.30M201.70M404.00M-41.20M800.00K

IAMGOLD Technical Analysis

Technical Analysis Sentiment
Positive
Last Price9.25
Price Trends
50DMA
9.26
Negative
100DMA
8.81
Positive
200DMA
8.01
Positive
Market Momentum
MACD
-0.14
Positive
RSI
48.88
Neutral
STOCH
42.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMG, the sentiment is Positive. The current price of 9.25 is below the 20-day moving average (MA) of 9.44, below the 50-day MA of 9.26, and above the 200-day MA of 8.01, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 42.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IMG.

IAMGOLD Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSOR
74
Outperform
$6.38B144.912.50%0.77%12.78%
TSELD
74
Outperform
$5.52B12.318.91%41.46%187.54%
TSOLA
71
Outperform
C$4.32B40.45-0.28%72.95%97.10%
TSBTO
70
Outperform
$5.90B-17.61%4.38%5.97%-1677.31%
TSIMG
70
Outperform
$5.30B4.7028.42%69.19%417.02%
62
Neutral
$4.81B-3.49%-154.04%
50
Neutral
$2.00B-1.02-21.34%3.70%2.00%-30.65%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:IMG
IAMGOLD
9.11
3.80
71.56%
TSE:OR
Osisko Gold Royalties
34.61
12.76
58.37%
TSE:BTO
B2Gold
4.56
1.00
28.02%
TSE:ELD
Eldorado Gold
26.95
5.87
27.85%
TSE:OLA
Orla Mining
14.19
8.68
157.53%
TSE:ARTG
Artemis Gold
21.78
11.38
109.42%

IAMGOLD Earnings Call Summary

Earnings Call Date:May 06, 2025
(Q1-2025)
|
% Change Since: -9.14%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative aspects. The highlights include significant production ramp-up at Cote Gold, strong financial position, and progress in debt reduction. However, these were tempered by higher cash costs, challenges at Westwood, and increased operational costs at Essakane.
Q1-2025 Updates
Positive Updates
Record Production Ramp-up at Cote Gold
Cote Gold achieved a monthly throughput of 1 million tonnes processed, operating at 90% of nameplate capacity. The plant is on target to achieve full nameplate production of 36,000 tonnes per day by the end of the year.
Increased Attributable Production
IAMGOLD reported an attributable production of 161,000 ounces for the first quarter, a 7% year-over-year increase, mainly due to the addition of Cote Gold.
Strong Financial Position
IAMGOLD ended the quarter with $316.6 million in cash and cash equivalents and a liquidity of approximately $745.8 million.
Progress in Debt Reduction
IAMGOLD made significant progress in reducing debt, delivering 37,500 ounces into gold prepay arrangements, with the remaining 25,000 ounces to be delivered by mid-year.
Positive Free Cash Flow
Mine site free cash flow increased to $140 million in Q1 2025, compared to $46 million in the same period of the prior year.
Potential Expansion at Cote
Plans to conduct a 45,000-meter drill program focusing on resource conversion at Gosselin, potentially leading to a 'super pit' combining Cote and Gosselin zones.
Negative Updates
Higher Cash Costs
Cash costs averaged $1,459 per ounce, and all-in sustaining costs averaged $1,908 per ounce, higher than industry averages.
Challenges at Westwood
Westwood's underground head grade came in lower at 6.28 grams per tonne due to temporary equipment challenges, affecting blasting efficiency.
Security and Costs at Essakane
Essakane faced increased costs due to higher landed fuel prices and security concerns in Burkina Faso, with royalties accounting for $203 per ounce.
Company Guidance
During the IAMGOLD First Quarter 2025 Conference Call, the company provided detailed guidance and performance metrics. IAMGOLD began the year with a modest production of 161,000 ounces of gold and remains confident in achieving its 2025 attributable production guidance of 735,000 to 820,000 ounces. The Cote Gold mine achieved monthly throughput of 1 million tonnes processed, with the plant operating at over 90% of nameplate capacity, and aims to reach 36,000 tonnes per day by year-end. Cash costs were reported at $1,459 per ounce, with all-in sustaining costs at $1,908 per ounce. The company generated a mine site free cash flow of $140 million in Q1, a significant increase from $46 million in the same period the prior year. IAMGOLD also delivered 37,500 ounces into its gold prepay arrangements and expects to complete these obligations by mid-year. Financially, the company ended the quarter with $316.6 million in cash and cash equivalents and net debt of $882.3 million, with plans to reduce debt levels and costs progressively.

IAMGOLD Corporate Events

Financial DisclosuresRegulatory Filings and Compliance
IAMGOLD Files 2024 Financial Reports with Regulatory Authorities
Neutral
Mar 21, 2025

IAMGOLD Corporation has filed its 2024 annual audited financial statements and related documents with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. These filings, available on EDGAR and SEDAR, provide stakeholders with insights into the company’s financial health and strategic direction. The release of these documents is a critical step in maintaining transparency and regulatory compliance, potentially impacting investor confidence and market positioning.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.