Analyst Consensus ?
ConsensusHold30 ratings
Bullish1240.0%
Neutral1136.7%
Bearish723.3%
Iamgold Corporation · IAG · FY2025 Q2 · Calendar Q3 2025
IAMGOLD: Côté ramp-up supports guidance, costs remain a watchpoint
The supplied analysis supports a constructive but conditional view: Côté’s ramp-up, a higher gold-price environment, deleveraging, and resource development provide potential support, while raised cost guidance and operating, grade, and permitting risks require continued evidence.
Reported After market closeNYSEBasic Materials
$10.87B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.13
Consensus $0.14
EPS surprise
-7.1%
Reported versus consensus
Reported revenue
$580.9M
Consensus $729.7M
Revenue surprise
-20.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.8%
Event window
SPY move
+0.8%
Same window
Abnormal move
-3.6%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+34.4%
Up to 20 sessions
IAGSPY benchmark
Ask FN2 about IAG FY2025 Q2
Transcript, numbers and history already loaded
Why did IAG fall 2.8% after missing EPS estimates in FY2025 Q2?What changed in IAG's guidance and outlook in FY2025 Q2?Give me the bull and bear case for IAG after FY2025 Q2 earnings.
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Transcript intelligence
What changed
Compared with the prior analysis, the current quarter emphasized that Côté had reached nameplate throughput and remained supportive of production guidance, while all-in sustaining cost guidance was raised because of royalties, currency, and temporary re-handling costs. Management also highlighted a $40 million term-loan repayment, Essakane’s revised cash structure, and added sustaining capital for Côté upgrades.
Guidance delta
Production guidance remained maintained, while all-in sustaining cost guidance was raised; management expects costs to decline after the second cone crusher is installed.
Key takeaways
- Côté Gold’s ramp-up was identified as the main operating driver and was described as ahead of schedule.
- Management highlighted strong liquidity, debt repayment, and a revised Essakane cash-repatriation structure.
- The growth pipeline centers on Côté-Gosselin, Nelligan, and Monster Lake, while near-term costs and execution remain important watchpoints.
Management priorities
- Commission the second cone crusher in Q4.
- Continue Côté-Gosselin, Nelligan, and Monster Lake drilling and resource work.
- Further deleverage the balance sheet and manage Essakane’s operating and permitting outlook.
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Miss
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Analyst 52W Price Targets
$18.8Current
$2.75Low
$14.54Average
$34High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Aug 12, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 9, 2026 |
| Raymond James | Market Perform | Market Perform | Maintain | Oct 10, 2025 |
| CIBC | Outperform | Outperform | Maintain | Oct 10, 2025 |
| RBC Capital Mkts | Outperform | Sector Perform | Upgrade | Sep 10, 2025 |
| Canaccord Genuity | Buy | Hold | Upgrade | Oct 22, 2024 |
| National Bank Financial Inc | Outperform | Sector Perform | Upgrade | Oct 10, 2024 |
| BMO Capital | Outperform | Outperform | Maintain | Apr 5, 2024 |
| TD Securities | Buy | Buy | Maintain | Aug 14, 2023 |
| Credit Suisse | Underperform | Neutral | Downgrade | May 4, 2022 |
| GMP Securities | Hold | Buy | Downgrade | Jul 23, 2019 |
| Macquarie | Outperform | Neutral | Upgrade | Jan 22, 2019 |
| Desjardins | Hold | Buy | Downgrade | Jun 7, 2018 |
| Bank of America | Buy | Neutral | Upgrade | Apr 13, 2018 |
| Paradigm Capital | Buy | Hold | Upgrade | Jul 18, 2016 |
| Scotia Howard Weil | Underperform | Sector Perform | Downgrade | May 18, 2016 |
| Mackie Research | Sell | Hold | Downgrade | Feb 19, 2016 |
| Goldman Sachs | Neutral | Sell | Upgrade | Feb 12, 2016 |
| HSBC | Reduce | Buy | Downgrade | Oct 26, 2015 |
| National Bank Financial | Sector Perform | Outperform | Downgrade | Jan 22, 2015 |
| Barclays | Underweight | Underweight | Maintain | Nov 14, 2014 |
| Societe Generale | Sector Perform | Sector Perform | Maintain | Aug 18, 2014 |
| Dundee | Sell | Neutral | Downgrade | Jan 22, 2014 |
| Clarus Securities | Hold | Buy | Downgrade | Jan 21, 2014 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Nov 26, 2013 |
| Roth Capital | Neutral | Buy | Downgrade | Nov 6, 2013 |
| Global Hunter Securities | Buy | Buy | Maintain | Jun 14, 2013 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Jan 24, 2013 |
| Stifel | Hold | Buy | Downgrade | Jan 24, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $18.8. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Fahad Tariq | $24 | $20.5 | +27.7% | Aug 20, 2026 |
| Scotiabank | Analyst unavailable | $22 | $14.98 | +17.0% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $20 | $15.34 | +6.4% | Jul 9, 2026 |
| Scotiabank | Analyst unavailable | $25 | $23.21 | +33.0% | Feb 25, 2026 |
| CIBC | Analyst unavailable | $34 | $18.83 | +80.9% | Feb 4, 2026 |
| Scotiabank | Analyst unavailable | $23 | $21.67 | +22.3% | Jan 26, 2026 |
| Scotiabank | Tanya Jakusconek | $15 | $11.98 | -20.2% | Oct 23, 2025 |
| CIBC | Analyst unavailable | $19 | $12.7 | +1.1% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $13 | $12.59 | -30.9% | Oct 10, 2025 |
| RBC Capital | Analyst unavailable | $14 | $10.02 | -25.5% | Sep 9, 2025 |
| Raymond James | Analyst unavailable | $8 | $5.63 | -57.4% | Apr 4, 2025 |
| CIBC | Analyst unavailable | $8.4 | $6.2 | -55.3% | Mar 20, 2025 |
| Bank of America Securities | Lawson Winder | $6.4 | $4.94 | -66.0% | Sep 3, 2024 |
| Scotiabank | Tanya Jakusconek | $4.5 | $3.83 | -76.1% | Jun 6, 2024 |
| BMO Capital | Jackie Przybylowski | $5 | $3.83 | -73.4% | Jun 5, 2024 |
| BMO Capital | Jackie Przybylowski | $4.5 | $4.06 | -76.1% | May 10, 2024 |
| BMO Capital | Jackie Przybylowski | $4.25 | $3.6 | -77.4% | Apr 5, 2024 |
| RBC Capital | Wayne Lam | $2.75 | $2.32 | -85.4% | Sep 12, 2023 |
| Loop Capital Markets | Jackie Przybylowski | $3.25 | $2.93 | -82.7% | May 1, 2023 |
| Bank of America Securities | Lawson Winder | $1.65 | $1.22 | -91.2% | Oct 19, 2022 |
| Raymond James | Analyst unavailable | $2.25 | $2.04 | -88.0% | May 4, 2022 |
Track every rating change on IAG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationIAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. It owns and operates the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario. The firm also operates the Rosebel mine in Suriname, the Essakane mine in Burkina Faso, the Saramacca project, an exploration project located in Suriname, the Boto project, an exploration project located in Senegal. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.
Historical context
All IAG earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RPM RPM International Inc. | FY2027 Q1 · Calendar Q4 2026 | +1.5% | +3.2% | RPM posts record quarter, but input costs narrow the outlook |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-11T16:40:43.749520+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T16:40:43.746806+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-11. For educational purposes only; not investment advice.