Analyst Consensus ?
ConsensusHold30 ratings
Bullish1240.0%
Neutral1136.7%
Bearish723.3%
Iamgold Corporation · IAG · FY2025 Q3 · Calendar Q4 2025
IAMGOLD: Strong production and cash flow, with costs still in focus
The quarter supports a constructive operating thesis: strong production, record mine-site free cash flow, debt reduction and Côté expansion plans provide evidence of improving execution and financial capacity. The case remains conditional on delivering cost reductions, improving Westwood performance and advancing the Nelligan resource pipeline.
Reported After market closeNYSEBasic Materials
$10.72B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.30
Consensus $0.21
EPS surprise
+42.9%
Reported versus consensus
Reported revenue
$706.7M
Consensus $959.2M
Revenue surprise
-26.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+8.8%
Event window
SPY move
+0.3%
Same window
Abnormal move
+8.4%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
+27.2%
Up to 20 sessions
IAGSPY benchmark
Ask FN2 about IAG FY2025 Q3
Transcript, numbers and history already loaded
Why did IAG rise 8.8% after beating EPS estimates in FY2025 Q3?What changed in IAG's guidance and outlook in FY2025 Q3?Give me the bull and bear case for IAG after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the company added record third-quarter mine-site free cash flow and substantial debt reduction, announced an approved buyback program, and highlighted acquisitions intended to build the Nelligan mining complex. The central tension remains unchanged: management expects operational improvements to lower costs, while current cost levels and execution risks require monitoring.
Guidance delta
Management maintained guidance; costs were expected to remain at the top end of the range this year and improve in 2026.
Key takeaways
- Management highlighted record third-quarter production and mine-site free cash flow, alongside significant net-debt reduction.
- Côté Gold expansion plans and the second cone crusher remain central to the operating-improvement case.
- The approved share-buyback program and Quebec acquisitions broaden the capital-allocation and growth narrative.
- Higher royalties, elevated Côté unit costs, Westwood execution, and Burkina Faso operating risks remain important offsets.
Management priorities
- Install the second cone crusher at Côté Gold.
- Advance the Côté Gold expansion and super-pit development.
- Complete resource drilling and technical studies for the Nelligan mining complex in 2026.
- Reduce debt and pursue the approved NCIB buyback once debt targets are met.
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Analyst 52W Price Targets
$18.55Current
$2.75Low
$14.54Average
$34High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 7, 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 $18.55. 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 | +29.4% | Aug 20, 2026 |
| Scotiabank | Analyst unavailable | $22 | $14.98 | +18.6% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $20 | $15.34 | +7.8% | Jul 9, 2026 |
| Scotiabank | Analyst unavailable | $25 | $23.21 | +34.8% | Feb 25, 2026 |
| CIBC | Analyst unavailable | $34 | $18.83 | +83.3% | Feb 4, 2026 |
| Scotiabank | Analyst unavailable | $23 | $21.67 | +24.0% | Jan 26, 2026 |
| Scotiabank | Tanya Jakusconek | $15 | $11.98 | -19.1% | Oct 23, 2025 |
| CIBC | Analyst unavailable | $19 | $12.7 | +2.4% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $13 | $12.59 | -29.9% | Oct 10, 2025 |
| RBC Capital | Analyst unavailable | $14 | $10.02 | -24.5% | Sep 9, 2025 |
| Raymond James | Analyst unavailable | $8 | $5.63 | -56.9% | Apr 4, 2025 |
| CIBC | Analyst unavailable | $8.4 | $6.2 | -54.7% | Mar 20, 2025 |
| Bank of America Securities | Lawson Winder | $6.4 | $4.94 | -65.5% | Sep 3, 2024 |
| Scotiabank | Tanya Jakusconek | $4.5 | $3.83 | -75.7% | Jun 6, 2024 |
| BMO Capital | Jackie Przybylowski | $5 | $3.83 | -73.0% | Jun 5, 2024 |
| BMO Capital | Jackie Przybylowski | $4.5 | $4.06 | -75.7% | May 10, 2024 |
| BMO Capital | Jackie Przybylowski | $4.25 | $3.6 | -77.1% | Apr 5, 2024 |
| RBC Capital | Wayne Lam | $2.75 | $2.32 | -85.2% | Sep 12, 2023 |
| Loop Capital Markets | Jackie Przybylowski | $3.25 | $2.93 | -82.5% | May 1, 2023 |
| Bank of America Securities | Lawson Winder | $1.65 | $1.22 | -91.1% | Oct 19, 2022 |
| Raymond James | Analyst unavailable | $2.25 | $2.04 | -87.9% | 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 | — | +1.6% | RPM posts record Q1 results as inflation pressures margins |
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the IAG recap when the next report posts
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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 · 2026-10-07T01:50:45.677608+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T01:50:45.674623+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 2026-10-07. For educational purposes only; not investment advice.