Analyst Consensus ?
ConsensusHold30 ratings
Bullish1240.0%
Neutral1136.7%
Bearish723.3%
Iamgold Corporation · IAG · FY2026 Q1 · Calendar Q2 2026
IAMGOLD Q1: Strong cash flow, maintained guidance, higher-cost risks
The quarter supports a constructive operating picture: production and mine-site free cash flow were strong, guidance was maintained, and management is funding buybacks while advancing resource and throughput projects. The counterweight is cost and execution risk, including fuel, royalties, equipment and Burkina Faso licensing.
Reported After market closeNYSEBasic Materials
$11.39B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.66
Consensus $0.52
EPS surprise
+26.9%
Reported versus consensus
Reported revenue
$1.01B
Consensus $955.2M
Revenue surprise
+5.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+13.4%
Event window
SPY move
+1.4%
Same window
Abnormal move
+12.0%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-7.1%
Up to 20 sessions
IAGSPY benchmark
Ask FN2 about IAG FY2026 Q1
Transcript, numbers and history already loaded
Why did IAG rise 13.4% after beating EPS estimates in FY2026 Q1?What changed in IAG's guidance and outlook in FY2026 Q1?Give me the bull and bear case for IAG after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management highlighted 183,600 ounces of attributable production, more than $1 billion in revenue, and $525 million of mine-site free cash flow. Buybacks reached $260 million, debt repayment was $100 million, and technical and resource updates plus Côté equipment work are next milestones.
Guidance delta
Maintained; cash costs and all-in sustaining costs remained within full-year guidance despite higher royalties and energy prices.
Key takeaways
- Q1 production was 183,600 attributable ounces, with more than $1 billion in revenue and $525 million of mine-site free cash flow.
- The company returned $260 million through buybacks, repaid $100 million of debt, and reported a net cash position of $1.1 billion.
- Technical reports and resource updates for Côté, Westwood, Essakane and Nelligan are expected within the next 12–18 months.
- Côté equipment upgrades and de-bottlenecking are intended to improve throughput and lower per-ounce costs.
Management priorities
- Advance technical reports and resource updates for Côté, Westwood, Essakane and Nelligan.
- Expand Côté to 50–55 thousand tonnes per day with modest capital outlay.
- Continue buybacks funded by Essakane cash flow and evaluate a dividend later in the year.
- Maintain Westwood drilling and replace critical equipment, including the conveyor belt and HPGR tires.
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Analyst 52W Price Targets
$18.98Current
$2.75Low
$14.54Average
$34High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 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 $18.98. 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 | +26.4% | Aug 20, 2026 |
| Scotiabank | Analyst unavailable | $22 | $14.98 | +15.9% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $20 | $15.34 | +5.4% | Jul 9, 2026 |
| Scotiabank | Analyst unavailable | $25 | $23.21 | +31.7% | Feb 25, 2026 |
| CIBC | Analyst unavailable | $34 | $18.83 | +79.1% | Feb 4, 2026 |
| Scotiabank | Analyst unavailable | $23 | $21.67 | +21.2% | Jan 26, 2026 |
| Scotiabank | Tanya Jakusconek | $15 | $11.98 | -21.0% | Oct 23, 2025 |
| CIBC | Analyst unavailable | $19 | $12.7 | +0.1% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $13 | $12.59 | -31.5% | Oct 10, 2025 |
| RBC Capital | Analyst unavailable | $14 | $10.02 | -26.2% | Sep 9, 2025 |
| Raymond James | Analyst unavailable | $8 | $5.63 | -57.9% | Apr 4, 2025 |
| CIBC | Analyst unavailable | $8.4 | $6.2 | -55.7% | Mar 20, 2025 |
| Bank of America Securities | Lawson Winder | $6.4 | $4.94 | -66.3% | Sep 3, 2024 |
| Scotiabank | Tanya Jakusconek | $4.5 | $3.83 | -76.3% | Jun 6, 2024 |
| BMO Capital | Jackie Przybylowski | $5 | $3.83 | -73.7% | Jun 5, 2024 |
| BMO Capital | Jackie Przybylowski | $4.5 | $4.06 | -76.3% | May 10, 2024 |
| BMO Capital | Jackie Przybylowski | $4.25 | $3.6 | -77.6% | Apr 5, 2024 |
| RBC Capital | Wayne Lam | $2.75 | $2.32 | -85.5% | Sep 12, 2023 |
| Loop Capital Markets | Jackie Przybylowski | $3.25 | $2.93 | -82.9% | May 1, 2023 |
| Bank of America Securities | Lawson Winder | $1.65 | $1.22 | -91.3% | Oct 19, 2022 |
| Raymond James | Analyst unavailable | $2.25 | $2.04 | -88.1% | May 4, 2022 |
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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 |
|---|---|---|---|---|
| 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
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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 · 2026-09-28T16:31:03.068988+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T16:31:03.066207+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 2026-09-28. For educational purposes only; not investment advice.