IAMGOLD Corporation (IAG) AI Stock Analysis

NYSE: IAGAI research summary: business, growth, valuation, analysts, bull and bear case.

IAG AI stock analysis summary

AI Research

IAMGOLD Corporation (NYSE: IAG) is a gold producer with operating mines and development projects across North America, South America, and West Africa. Driven by operational expansion, revenue increased 77.8% in FY2025 to $2.90B, yielding $771.4M in free cash flow. As of October 16, 2026, the company trades at a trailing price-to-earnings ratio of 9.1x with net debt of $37.4M.

Market cap
$10.33B
Revenue (TTM)
$3.68B
P/E
9.1x
fwd 9.6x
1Y return
23.6%
S&P 500 16.8%
Avg. target
$23.00
27.1% vs last close

Bull case

  • Annual free cash flow surged to $771.4M in FY2025, rebounding from negative free cash flow of -$139.1M in FY2024.
  • Trailing twelve-month operating margin stands at 45.0%, significantly exceeding the US-listed Basic Materials peer median of 18.5%.
  • Consensus estimates project full-year FY2026 EPS to increase 63.3% to $2.01 on expected revenue of $3.72B.

Bear case

  • The stock exhibits high market sensitivity with a beta of 2.35, contributing to volatility between its 52-week low of $10.87 and high of $24.87.
  • Shareholder dilution has occurred over time, with the five-year share count rising 21.6% through FY2025.
  • The stock's price-to-sales multiple of 2.8x sits at a premium compared to the US-listed Basic Materials peer group median of 1.8x.

What IAMGOLD does

IAMGOLD Corporation is an international gold mining company focused on exploring, developing, and operating precious metal properties. The company operates key assets including the Essakane mine in Burkina Faso, the Rosebel mine in Suriname, and the Boto project in Senegal. In Canada, its asset base features the Westwood mine in Quebec and the Côté gold project in Ontario. IAMGOLD also advances exploration and development ventures across several international jurisdictions, including the Pitangui project in Brazil, Karita in Guinea, Diakha-Siribaya in Mali, and the Nelligan and Monster Lake projects in Canada.

Growth and profitability

IAMGOLD's top-line performance experienced a sharp inflection starting in FY2024, when revenue surged 65.4% to $1.63B, followed by a 77.8% increase to $2.90B in FY2025. Over the five years from FY2020 through FY2025, revenue expanded at a compound annual growth rate of 18.5%. Profitability shifted from net losses of -$254.4M in FY2021 and -$70.1M in FY2022 to net income of $819.6M in FY2024 and $676.0M in FY2025. Operating margins reached 38.9% in FY2025 and 45.0% over the trailing twelve months. In the latest quarter ended June 30, 2026, quarterly revenue grew 47.5% year-over-year while quarterly earnings expanded 191.4%, bringing trailing twelve-month revenue to $3.68B and diluted EPS to $1.98.

IAG income statement →

Balance sheet and cash flow

As of June 30, 2026, IAMGOLD held $501.8M in cash and short-term investments against $539.2M in total debt, leaving net debt at $37.4M. The company maintains a current ratio of 1.71 and a debt-to-equity ratio of 0.12 on shareholders' equity of $4.39B. Free cash flow turned positive in FY2025 at $771.4M, supported by operating cash flow of $1.07B. Capital allocation in FY2025 included capital expenditures of $298.6M and share buybacks totaling $50.9M, following a 21.6% increase in share count over the prior five years.

IAG balance sheet →

Valuation and performance

At $18.09 per share, IAMGOLD has a market capitalization of $10.33B and an enterprise value of $12.02B. The stock trades at a trailing P/E of 9.1x, a forward P/E of 9.6x, and an EV/EBITDA of 5.5x, compared to medians of 19.7x, 13.4x, and 10.5x, respectively, for the US-listed Basic Materials peer group. Its price-to-sales ratio stands at 2.8x compared to 1.8x for peers. Over the past year, the stock returned 23.6% compared to 16.8% for the S&P 500, while its five-year return of 560.2% outpaced the benchmark's 83.0%.

IAG key metrics →

What analysts expect

Wall Street coverage includes 7 Strong Buy, 4 Buy, and 3 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target is $23.00, representing 27.1% upside over the October 16, 2026 closing price of $18.09. For the fiscal year ending December 31, 2026, consensus expectations call for revenue of $3.72B and EPS of $2.01, representing 63.3% EPS growth. IAMGOLD beat EPS estimates in 3 of the last 4 quarters, and its next earnings release is scheduled for November 5, 2026.

IAG forecast and price target →

Key risks and what to watch

  • High volatility indicated by a beta of 2.35 leaves the equity susceptible to large swings relative to the broader market.
  • Operating results remain tied to heavy capital expenditure cycles, which absorbed $298.6M in FY2025 and drove negative free cash flow in the four prior consecutive fiscal years.
  • The current stock price of $18.09 trades 1.4% below its 200-day moving average and remains down from its 52-week high of $24.87.
  • Institutional ownership is concentrated at 75.7%, while insiders hold just 0.1% of common shares.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this IAG AI stock analysis

This page is an AI-written research summary of IAMGOLD Corporation (IAG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: IAG income statement, IAG balance sheet, IAG key metrics, IAG analyst forecast, IAG chart. See the IAG stock overview for the latest quote and news.

IAG AI stock analysis FAQ

Does IAMGOLD pay a dividend?

No, IAMGOLD Corporation does not currently pay a dividend. The company deployed $50.9M toward share buybacks in FY2025.

What are IAMGOLD's key operating mines and development projects?

IAMGOLD holds assets including the Westwood mine and the Côté gold project in Canada, the Essakane mine in Burkina Faso, the Rosebel mine in Suriname, and the Boto gold project in Senegal. It also conducts exploration in Brazil, Guinea, and Mali.

How does IAMGOLD's valuation compare to its industry peers?

IAMGOLD trades at a trailing P/E of 9.1x and an EV/EBITDA of 5.5x, below the US-listed Basic Materials peer group medians of 19.7x and 10.5x. However, its price-to-sales ratio of 2.8x is above the peer median of 1.8x.

When does IAMGOLD report earnings?

The company's next scheduled earnings report date is November 5, 2026. For the full year ending December 31, 2026, analysts estimate EPS of $2.01.

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