Analyst Consensus ?
ConsensusHold31 ratings
Bullish1341.9%
Neutral1135.5%
Bearish722.6%
Iamgold Corporation · IAG · FY2026 Q2 · Calendar Q3 2026
IAMGOLD: Q2 Growth, Expansion Plans and Capital Returns
IAMGOLD’s Q2 analysis supports a constructive operating trajectory: production and cash flow were strong, guidance was maintained, and management is pursuing expansion and mine-life extensions. The key test is whether those projects can advance without offsetting pressure from royalties, energy costs, permitting or execution.
Why did IAG rise 14.3% after beating EPS estimates in FY2026 Q2?
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Reported After market closeNYSEBasic Materials
$11.76B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.42
Consensus $0.42
EPS surprise
0.0%
Reported versus consensus
Reported revenue
$841.1M
Consensus $882.9M
Revenue surprise
-4.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+14.3%
Event window
SPY move
+0.6%
Same window
Abnormal move
+13.7%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+11.8%
Up to 20 sessions
IAGSPY benchmark
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Why did IAG rise 14.3% after beating EPS estimates in FY2026 Q2?What changed in IAG's guidance and outlook in FY2026 Q2?Give me the bull and bear case for IAG after FY2026 Q2 earnings.
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Transcript intelligence
What changed
The Q2 analysis adds a 20.3-million-ounce measured-and-indicated Cote/Gosselin resource update, continued share repurchases exceeding $0.5 billion since December, and a $1.4 billion net-cash position after repaying a $100 million credit facility.
Guidance delta
Maintained: management said the company is on track to meet full-year guidance.
Key takeaways
- Q2 production and mine-site free cash flow were significantly above prior-year levels, according to management’s analysis.
- Cote, Essakane and Westwood production met or exceeded forecasts, while operational improvements lowered processing costs.
- Capital allocation remains focused on Cote expansion, mine-life extensions, share repurchases and a potential early-2027 dividend.
Management priorities
- Advance the low-cost Cote expansion and release an updated Cote/Gosselin technical report by year-end.
- Extend mine life at Essakane and Westwood through planned technical studies.
- Progress the Nelligan district and evaluate a potential Cote royalty buyback.
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Analyst 52W Price Targets
$18.44Current
$2.75Low
$13.64Average
$25High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 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 |
|---|---|---|---|---|
| Freedom Broker | Buy | Buy | Maintain | Oct 22, 2026 |
| 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 $18.44. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| CIBC | Analyst unavailable | $25 | $18.29 | +35.6% | Oct 16, 2026 |
| Jefferies | Fahad Tariq | $24 | $20.5 | +30.2% | Aug 20, 2026 |
| Scotiabank | Analyst unavailable | $22 | $14.98 | +19.3% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $20 | $15.34 | +8.5% | Jul 9, 2026 |
| Scotiabank | Analyst unavailable | $25 | $23.21 | +35.6% | Feb 25, 2026 |
| CIBC | Analyst unavailable | $34 | $18.83 | +84.4% | Feb 4, 2026 |
| Scotiabank | Analyst unavailable | $23 | $21.67 | +24.7% | Jan 26, 2026 |
| Scotiabank | Tanya Jakusconek | $15 | $11.98 | -18.7% | Oct 23, 2025 |
| CIBC | Analyst unavailable | $19 | $12.7 | +3.0% | Oct 10, 2025 |
| Raymond James | Analyst unavailable | $13 | $12.59 | -29.5% | Oct 10, 2025 |
| RBC Capital | Analyst unavailable | $14 | $10.02 | -24.1% | Sep 9, 2025 |
| Raymond James | Analyst unavailable | $8 | $5.63 | -56.6% | Apr 4, 2025 |
| CIBC | Analyst unavailable | $8.4 | $6.2 | -54.4% | Mar 20, 2025 |
| Bank of America Securities | Lawson Winder | $6.4 | $4.94 | -65.3% | Sep 3, 2024 |
| Scotiabank | Tanya Jakusconek | $4.5 | $3.83 | -75.6% | Jun 6, 2024 |
| BMO Capital | Jackie Przybylowski | $5 | $3.83 | -72.9% | Jun 5, 2024 |
| BMO Capital | Jackie Przybylowski | $4.5 | $4.06 | -75.6% | May 10, 2024 |
| BMO Capital | Jackie Przybylowski | $4.25 | $3.6 | -77.0% | Apr 5, 2024 |
| RBC Capital | Wayne Lam | $2.75 | $2.32 | -85.1% | Sep 12, 2023 |
| Loop Capital Markets | Jackie Przybylowski | $3.25 | $2.93 | -82.4% | 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 | -87.8% | 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 |
|---|---|---|---|---|
| WPM Wheaton Precious Metals Corp. | FY2026 Q3 · Calendar Q4 2026 | -1.1% | +2.2% | Wheaton Precious Metals posts record Q3 production; guidance unchanged |
| APD Air Products and Chemicals, Inc. | FY2026 Q4 · Calendar Q4 2026 | 0.0% | -2.9% | Air Products closes FY2026 with growth, larger backlog and FY2027 plans |
| ALB Albemarle Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.0% | +3.6% | Albemarle’s Q3 gains reflect firmer lithium pricing and cost discipline |
| MT ArcelorMittal S.A. | FY2026 Q3 · Calendar Q4 2026 | +43.7% | -3.3% | ArcelorMittal sees stronger European shipments, with fuller TRQ benefits ahead |
| WMS Advanced Drainage Systems, Inc. | FY2027 Q2 · Calendar Q4 2026 | +3.9% | -14.9% | Advanced Drainage Systems lowers revenue outlook as growth moderates |
| JHX James Hardie Industries plc | FY2027 Q2 · Calendar Q4 2026 | +9.5% | -2.9% | James Hardie grows sales, expands margins, maintains FY2027 guidance |
Latest beats and misses
Who reports nextBeat on EPS
- EOGFY2026 Q3 · November 5, 2026+8.9% EPS+2.2% move
- PBAFY2026 Q3 · November 5, 2026+13.5% EPS+1.0% move
- FNFFY2026 Q3 · November 5, 20260.0% EPS+6.6% move
- MTDFY2026 Q3 · November 5, 2026+3.6% EPS+4.8% move
- IAGFY2026 Q3 · November 5, 2026+16.7% EPS+4.6% move
- GMABFY2026 Q3 · November 5, 2026+55.6% EPS-4.3% move
Missed on EPS
- WPMFY2026 Q3 · November 5, 2026-1.1% EPS+2.2% move
- CPTFY2026 Q3 · November 5, 2026-27.2% EPS-3.1% move
- VMRKFY2026 Q3 · November 4, 2026-425.6% EPS+2.4% move
- NTRAFY2026 Q3 · November 5, 2026-49.3% EPS-15.2% move
- TIGOFY2026 Q3 · November 5, 2026-40.8% EPS+2.6% move
- UHALFY2027 Q2 · November 4, 2026-15.4% EPS-3.2% move
Get the IAG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-09T00:09:56.058571+00:00
- FN2 earnings calendar · 2026-09-11T01:23:15.000588+00:00
- Polygon adjusted daily market bars · 2026-09-21T22:30:46.929623+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T22:30:46.926768+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 2026-09-21. For educational purposes only; not investment advice.