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Iamgold Corporation (IAG) Stock

Iamgold Corporation Stock Details, Movements and Public Alerts

IAMGOLD (IAG): The Mid-Tier Gold Miner That Hit $1 Billion in Trailing EBITDA After Cote Gold Ramp

IAMGOLD operates three gold mines across North America and West Africa: Cote Gold in Ontario, Westwood in Quebec, and Essakane in Burkina Faso. The company spent years building Cote Gold, one of Canada's largest open-pit gold mines, and CEO Renaud Adams brought it to full capacity in 2025 with record quarterly production of 106,000 ounces. The transformation is visible in the financials: Q3 2025 revenue reached $707 million (up 61%), trailing twelve-month EBITDA crossed $1 billion, and mine-site free cash flow hit a record $292 million in a single quarter. Attributable production for 2025 was 765,900 ounces at an average realized price of $3,480/oz. The next growth phase centers on the Gosselin underground deposit adjacent to Cote, where a combined resource of 20 million ounces supports a potential expansion study in 2026. Westwood's updated mine plan extends production to 2032 with high-grade reserves averaging 11.45 g/t gold.

52-Week Range

$24.87 - $5.35

-20.27% from high · +270.65% from low

Avg Daily Volume

7,941,605

20-day average

100-day avg: 8,977,942

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

17.39

Near market average

Forward P/E

9.27

Earnings expected to grow

Price to Book

2.80

EV/EBITDA

8.84

EPS (TTM)

$1.14

Price to Sales

4.12

Beta

2.18

More volatile than market

Q:How is IAG valued relative to its earnings and growth?
Iamgold Corporation trades at a P/E ratio of 17.39, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 9.27 is lower than the current P/E, indicating analysts expect earnings to grow over the next year.
Q:What is IAG's risk profile compared to the market?
With a beta of 2.18, Iamgold Corporation is significantly more volatile than the market. For every 10% market move, this stock tends to move 22% in the same direction. Higher beta stocks offer greater potential returns but with increased risk. The price-to-book ratio of 2.80 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

23.29%

Operating Margin

51.93%

EBITDA

$1.37B

Return on Equity

19.15%

Return on Assets

12.29%

Revenue Growth (YoY)

131.60%

Earnings Growth (YoY)

362.00%

Q:How profitable and efficient is IAG's business model?
Iamgold Corporation achieves a profit margin of 23.29%, meaning it retains $23.29 from every $100 in revenue after all expenses. This is an impressive margin, indicating strong pricing power and efficient cost management that allows the company to generate substantial profits. The operating margin of 51.93% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 19.15% and ROA at 12.29%, the company generates strong returns on invested capital.
Q:What are IAG's recent growth trends?
Iamgold Corporation's revenue grew by 131.60% year-over-year, representing robust expansion that significantly outpaces typical market growth rates. This strong top-line performance suggests the company is successfully capturing market share or benefiting from favorable industry trends. Earnings increased by 362.00% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against Gold industry averages for proper context.

Company Size & Market

Market Cap

$11.8B

Revenue (TTM)

$2.85B

Revenue/Share (TTM)

$4.96

Shares Outstanding

588.80M

Book Value/Share

$7.09

Asset Type

EQUITY

Q:What is IAG's market capitalization and position?
Iamgold Corporation has a market capitalization of $11.8B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 588.80M shares outstanding, the company's ownership is relatively concentrated. As a participant in the Gold industry, it competes with other firms in this sector.
Q:How does IAG's price compare to its book value?
Iamgold Corporation's book value per share is $7.09, while the current stock price is $19.83, resulting in a price-to-book (P/B) ratio of 2.80. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As EQUITY, this represents a specific type of security.

Analyst Ratings

Analyst Target Price

$25.50

28.59% upside potential

Analyst Recommendations

Strong Buy

3

Buy

5

Hold

2

Sell

1

Strong Sell

0

Q:How reliable are analyst predictions for IAG?
11 analysts cover IAG with 73% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $25.50 implies 28.6% upside, but targets are often adjusted to follow price moves rather than predict them.
Q:What is the Wall Street consensus on IAG?
Current analyst recommendations:3 Strong Buy, 5 Buy, 2 Hold, 1 Sell, 0The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Mar 16, 2026, 02:11 AM

Technical Indicators

RSI (14-day)

41.15

Neutral

50-Day Moving Average

$20.27

-2.17% below MA-50

200-Day Moving Average

$13.14

50.91% above MA-200

MACD Line

0.25

MACD Signal

0.68

MACD Histogram

-0.43

Bearish

Q:What does IAG's RSI value tell investors?
The RSI (Relative Strength Index) for IAG is currently 41.15, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being below the 50-day moving average, this confirms bearish conditions.
Q:How should traders interpret IAG's MACD and moving average crossovers?
MACD analysis shows the MACD line at 0.25 below the signal line at 0.68, with histogram at -0.43. This bearish crossover indicates downward pressure. The 50-day MA ($20.27) is above the 200-day MA ($13.14), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently between the MAs, suggesting transition.

Indicators last updated: Mar 16, 2026, 12:37 AM

Active Alerts

Alert Condition
Price decreases by
Threshold
8%
Created
Feb 10, 2026, 04:24 PM
Alert Condition
RSI Threshold Cross
Threshold
70
Created
Jan 30, 2026, 04:28 PM
Alert Condition
RSI Threshold Cross
Threshold
30
Created
Oct 28, 2025, 08:59 PM

IAMGOLD (IAG) Stock Analysis 2025: Complete Investment Guide

Cote Gold: The Flagship That Changed the Company

Cote Gold is an open-pit mine in northeastern Ontario that began commercial production in 2024 after years of development and cost overruns. The mine reached nameplate capacity in 2025, producing a record 106,000 ounces in Q3 alone and averaging over 30,000 ounces per month in the second half of the year. At an average realized gold price of $3,480/oz, Cote generated $136 million in attributable mine-site free cash flow in a single quarter.

The mine's scale makes it one of the largest gold operations in Canada. CEO Renaud Adams guided the project through construction delays and budget increases, and the production ramp validated the investment. Cote accounted for approximately 70% of IAMGOLD's total gold sales in 2025 on an attributable basis, making it the dominant driver of the company's financial performance.

Gosselin Expansion: The Next 20 Million Ounces

Adjacent to the Cote pit sits the Gosselin deposit, an underground gold resource that IAMGOLD plans to develop as part of a combined mining complex. The two deposits together contain 16 million ounces in Measured and Indicated resources plus 4 million ounces in Inferred resources. The expansion study targets a single large pit encompassing both the Cote and Gosselin zones with increased throughput.

An updated technical report is targeted for 2026. If the economics support development, Gosselin would extend the mine life well beyond the current Cote plan and increase annual production at relatively low incremental capital cost since the processing infrastructure already exists. This optionality represents significant embedded value that the current stock price may not fully reflect.

Financial Performance

  • •Q3 2025 Revenue: $706.7 million, up 61% year-over-year
  • •Trailing 12-Month EBITDA: Above $1 billion; Q3 adjusted EBITDA $359.5 million; YTD $840.4 million
  • •Mine-Site Free Cash Flow: Record $292.3 million in Q3 ($572.4 million year-to-date)
  • •2025 Production: 765,900 attributable ounces; average realized price $3,480/oz; gold sales 817,800 oz
  • •2026 Guidance: 720,000-820,000 attributable oz; AISC $1,100-$1,250/oz (at $4,000/oz gold assumption)
  • •Westwood Mine Life: Updated to 2032; reserves of 955,400 oz at 11.45 g/t gold

Growth Catalysts

  • •Cote at Full Capacity: Consistent nameplate production drives predictable cash flow; optimization could push output above current levels
  • •Gosselin Development: 20 million ounce combined resource; updated technical report in 2026 could unlock long mine life and expanded annual production
  • •Gold Price Tailwinds: 2026 guidance assumes $4,000/oz gold; current prices near this level support strong margins and cash flow generation
  • •Debt Reduction: Record free cash flow enables rapid deleveraging; stronger balance sheet supports future growth investments and shareholder returns
  • •Westwood High-Grade: 11.45 g/t underground reserves provide supplementary high-margin production through 2032

Risks and Challenges

  • •Gold Price Sensitivity: Record financials depend on gold prices near all-time highs; a return to $1,800-2,000/oz would significantly reduce margins and cash flow
  • •Essakane Geopolitical Risk: The mine operates in Burkina Faso, where military government, security concerns, and regulatory uncertainty create operational risk
  • •Gosselin Execution: The expansion study is not yet complete; unfavorable economics, permitting issues, or capital cost inflation could delay or reduce the project's value
  • •Construction Track Record: Cote Gold experienced significant cost overruns and delays during construction, which weighs on credibility for future large capital projects
  • •Single-Asset Concentration: Cote accounts for roughly 70% of production; any operational disruption at Cote would disproportionately affect results

Competitive Landscape

IAMGOLD competes in the mid-tier gold mining segment alongside Alamos Gold, B2Gold, Kinross, and Eldorado Gold. Alamos Gold is the closest peer with Canadian operations and a strong growth profile. B2Gold offers African exposure with lower costs. Kinross is larger and more diversified. IAMGOLD's advantage is the Cote-Gosselin complex: a 20 million ounce resource base in a mining-friendly Canadian jurisdiction provides decades of potential production.

The company's transition from a high-cost producer with execution problems to a billion-dollar EBITDA generator has been rapid. Investors who avoided IAMGOLD during the Cote construction phase may reassess now that the mine is delivering. The Gosselin optionality differentiates IAMGOLD from peers that lack comparable organic growth pipelines in stable jurisdictions.

Who Is This Stock Suitable For?

Perfect For

  • ✓Gold investors who want leveraged exposure to elevated gold prices through a mid-tier producer with organic growth
  • ✓Those who believe the Gosselin expansion will create a long-life, large-scale Canadian gold complex
  • ✓Growth-oriented mining investors seeking production increases and cash flow improvement from a recently ramped flagship mine
  • ✓Investors looking for potential re-rating as Cote's consistent performance rebuilds market confidence after construction issues

Less Suitable For

  • ✗Income investors (limited dividend; company prioritizing debt reduction and growth)
  • ✗Those uncomfortable with single-mine concentration at Cote for the majority of production
  • ✗Risk-averse investors concerned about Burkina Faso exposure and past construction overruns
  • ✗Investors who expect gold prices to decline from current levels

Investment Thesis

IAMGOLD's investment case has changed dramatically since Cote Gold reached full production. A company that struggled with cost overruns and construction delays is now generating over $1 billion in trailing EBITDA and record free cash flow. CEO Renaud Adams delivered on the operational promise, and the market is beginning to recognize the transformation.

The forward story centers on Gosselin. A 20 million ounce combined resource in Ontario, adjacent to existing infrastructure, could support decades of production at competitive costs. If the 2026 technical report confirms favorable economics, IAMGOLD would have one of the most attractive organic growth profiles in the mid-tier gold space. The risk is execution history and gold price dependence. For investors bullish on gold who want production growth from a Canadian-anchored portfolio, IAMGOLD offers substantial optionality at the current valuation.

Conclusion

IAMGOLD offers mid-tier gold exposure with a flagship Canadian mine generating record cash flow and a 20 million ounce growth pipeline. The stock suits gold bulls who want production growth and believe the Cote-Gosselin complex justifies a valuation re-rating as operational consistency replaces the construction-phase discount.
Bull Case
$9 (50% upside) - Gold holds above $3,500, Gosselin study confirms expansion economics, Cote exceeds nameplate, debt eliminated
Base Case
$6.50 (8% upside) - Production meets guidance, gold near $3,000-3,500, steady debt reduction, Gosselin study progresses
Bear Case
$3 (50% downside) - Gold falls below $2,000, Gosselin economics unfavorable, Essakane disrupted, Cote underperforms

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