IAMGOLD (IMG) AI Stock Analysis

• Market Cap: $5.84B
• Dividend Yield: N/A
• Average Volume (3M): 1.89M
• Price to Earnings (P/E): 5.2
• Beta (1Y): 2.03
• Revenue Growth: 69.19%
• EPS Growth: 417.02%
• Country: CA
• Employees: 3,700
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Gold
• EPS (TTM): 0.14
• Shares Outstanding: 575,100,000
• 10 Day Avg. Volume: 2,031,749
• 30 Day Avg. Volume: 1,887,334
• PEG Ratio: -1.99
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -39.91
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 8.51
• Enterprise Value/Ebitda: 1.23
• 1Y Price Target: $12.80
• Price Target Upside: 25.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 69 Neutral
• Price Target: C$11.00 ▲(8.27%Upside)

IAMGOLD's strong financial performance and undervaluation are tempered by technical analysis indicating limited momentum. The company's robust margins and production ramp-up at Côté Gold are positive, but high liabilities and negative free cash flow pose risks to long-term growth.

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.

Stock Valuation

The stock is currently trading at a discount to its intermediate peer group, suggesting potential for price appreciation.

Negative Factors

Debt Management

IAMGOLD repurchased the 9.7% interest in Côté from Sumitomo for $377.7 million, ending 2024 with $347.5 million in cash and $418.5 million available on its $650 million credit facility.

Operational Challenges

The ramp-up of Côté Gold faced challenges, notably with the crushing and grinding circuits, leading to unscheduled downtimes.

IAMGOLD Business Overview & Revenue Model

Company Description

IAMGOLD 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 Money

IAMGOLD 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 shows strong revenue growth and robust profitability margins, particularly in EBIT and EBITDA. The balance sheet is solid with manageable leverage, but high liabilities and negative free cash flow pose challenges for long-term sustainability.

Income Statement

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

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

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.77B	1.63B	987.10M	958.80M	1.15B	1.24B
Gross Profit	585.40M	549.90M	124.10M	147.90M	2.70M	250.30M
EBITDA	1.30B	1.25B	315.40M	273.60M	219.00M	375.90M
Net Income	804.50M	819.60M	94.30M	-36.40M	-255.10M	42.60M
Balance Sheet
Total Assets	5.39B	5.37B	4.54B	4.43B	3.97B	4.15B
Cash, Cash Equivalents and Short-Term Investments	317.30M	348.50M	367.10M	407.80M	552.50M	947.50M
Total Debt	1.15B	1.15B	952.10M	992.50M	530.00M	533.40M
Total Liabilities	1.93B	1.97B	2.27B	2.22B	1.65B	1.61B
Stockholders Equity	3.39B	3.34B	2.21B	2.13B	2.24B	2.46B
Cash Flow
Free Cash Flow	-104.00M	-151.40M	-817.30M	-371.80M	-370.20M	30.40M
Operating Cash Flow	483.20M	486.00M	159.40M	408.70M	285.00M	347.60M
Investing Cash Flow	-504.60M	-582.40M	-402.30M	-891.90M	-630.70M	-246.20M
Financing Cash Flow	44.00M	83.30M	201.70M	404.00M	-41.20M	800.00K

IAMGOLD Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 10.16 is above the 20-day moving average (MA) of 9.84, above the 50-day MA of 9.75, and above the 200-day MA of 8.67, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 56.47 is Neutral, neither overbought nor oversold. The STOCH value of 67.20 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OLA	81 Outperform	C$5.57B	40.45	-0.28%	―	72.95%	97.10%
ELD	78 Outperform	C$5.86B	12.79	8.91%	―	41.46%	187.54%
OR	71 Outperform	$7.31B	166.21	2.50%	0.69%	12.78%	―
BTO	70 Outperform	$6.37B	―	-17.61%	0.71%	5.97%	-1677.31%
IMG	69 Neutral	$5.84B	5.16	28.42%	―	69.19%	417.02%
ARTG	62 Neutral	$6.18B	―	-3.49%	―	―	-154.04%
Sector *	59 Neutral	HK$17.59B	4.63	-5.52%	3.70%	-3.57%	-61.41%

IAMGOLD Corporate Events

IAMGOLD’s Côté Gold Mine Achieves Nameplate Throughput Milestone

IAMGOLD announced that its Côté Gold Mine has achieved a significant milestone by operating at its nameplate capacity of 36,000 tonnes per day for thirty consecutive days. This accomplishment, reached within 15 months of first gold production, underscores the company’s operational excellence and positions Côté Gold as a major contributor to IAMGOLD’s production targets. The installation of a second cone crusher is expected to further enhance plant efficiency and throughput, potentially lowering costs and increasing production, which could positively impact stakeholders and the company’s market position.

The most recent analyst rating on (TSE:IMG) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on IAMGOLD stock, see the TSE:IMG Stock Forecast page.