IAMGOLD Corporation

TSX:IMG Stock Report

Market Cap: CA$14.6b

IAMGOLD Future Growth

Future criteria checks 1/6

IAMGOLD is forecast to grow earnings and revenue by 3.5% and 1.6% per annum respectively. EPS is expected to grow by 1.5% per annum. Return on equity is forecast to be 15.4% in 3 years.

Key information

3.5%

Earnings growth rate

1.50%

EPS growth rate

Metals and Mining earnings growth19.3%
Revenue growth rate1.6%
Future return on equity15.35%
Analyst coverage

Low

Last updated06 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 29

IMG: Index Inclusion And Buybacks Will Shape Future Capital Returns

Analysts have reduced their CA$ price target for IAMGOLD by about CA$1. This change reflects slightly higher discount rate assumptions and modestly lower fair value, profit margin, and future P/E inputs in their models.
Narrative Update • Apr 14

IMG: Index Inclusion And Production Outlook Will Shape A Balanced Future

Analysts have revised their CA$ price target for IAMGOLD lower. This reflects updated views on fair value, a higher discount rate, and changes to revenue growth, profit margin, and future P/E assumptions.
Narrative Update • Mar 31

IMG: Index Inclusion And Buybacks Will Reshape Future Capital Returns Outlook

Analysts have adjusted their view on IAMGOLD, raising the CA$ fair value estimate from about CA$28.00 to about CA$40.80. This change reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E.
Narrative Update • Mar 17

IMG: Higher Production And Future P E Multiple Will Support Upside

Analysts have raised their average price target for IAMGOLD to CA$36.55 from CA$34.60, citing updated assumptions related to discount rates, revenue growth, profit margins, and a higher future P/E of 21.67x compared to 8.04x previously. What's in the News Completed share buyback of 3,000,000 shares, representing 0.52% of shares, for CA$50 million under the program announced on December 9, 2025 (company disclosure).
Narrative Update • Mar 03

IMG: Share Buyback And Higher Margins Will Define A Measured Outlook

Analysts have lifted their CA$ price target for IAMGOLD from about CA$11.04 to roughly CA$31.98, citing updated assumptions that include higher long term profit margins and a richer future P/E multiple, even though revenue growth expectations are more moderate and the discount rate is slightly higher. What's in the News IAMGOLD announced a normal course issuer bid to repurchase up to 57,000,000 shares, or 9.9% of its outstanding common shares, over a twelve‑month period.
Narrative Update • Feb 17

IMG: Rising Production And Higher P/E Multiple Will Support Future Upside

Analysts have raised their CA$ fair value estimate for IAMGOLD from about CA$32.54 to CA$34.60, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News IAMGOLD reported consolidated gold production of 242,400 ounces for the fourth quarter of 2025, compared with 176,700 ounces in the same quarter a year earlier (company announcement).
Narrative Update • Feb 03

IMG: Higher Production And Richer P/E Multiple Will Support Future Upside Potential

Analysts have raised their price target for IAMGOLD from US$25.73 to US$32.54, citing updated views on fair value, revised profit margin assumptions, and expectations for a higher future P/E multiple. What's in the News IAMGOLD reported consolidated gold production of 242,400 ounces for the fourth quarter of 2025, compared with 176,700 ounces a year earlier (Key Developments).
Analysis Article • Jan 29

Earnings Tell The Story For IAMGOLD Corporation (TSE:IMG) As Its Stock Soars 32%

IAMGOLD Corporation ( TSE:IMG ) shares have continued their recent momentum with a 32% gain in the last month alone...
Narrative Update • Jan 20

IMG: Rising Production And Planned Buybacks Will Shape Balanced Future Upside Potential

Analysts have raised their price target on IAMGOLD to about $25.73 from roughly $24.69, citing updated assumptions that include higher projected revenue, a wider profit margin and a lower future P/E multiple. What's in the News IAMGOLD reported fourth quarter 2025 gold production of 242,400 ounces, compared with 176,700 ounces a year earlier, with full year 2025 production at 765,900 ounces versus 666,500 ounces a year ago (Announcement of Operating Results).
Narrative Update • Jan 05

IMG: Share Repurchase Plan Will Reshape Capital Returns Outlook

Analysts now see higher upside for IAMGOLD, lifting their price target from about $16.62 to roughly $27.98, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower future P/E multiple. What's in the News IAMGOLD announced a normal course issuer bid to repurchase up to 57,000,000 shares, equal to 9.9% of its outstanding common shares, with the program running until December 11, 2026 or earlier if completed, subject to TSX approval (Key Developments).
Narrative Update • Dec 14

IMG: Share Buyback Plan Will Support Future Upside Potential

Analysts have modestly raised their price target on IAMGOLD to approximately $24.69 per share from about $24.22, citing slightly higher expected revenue growth and profit margins despite a marginal uptick in the discount rate and a largely unchanged future earnings multiple. What's in the News IAMGOLD launched a normal course issuer bid to repurchase up to 57 million shares, or 9.9% of its outstanding common shares, over a 12 month period.
Narrative Update • Nov 29

IMG: Future Buyback Plan And Resource Expansion Signal Balanced Opportunity Ahead

Analysts have modestly increased their price target for IAMGOLD, raising it from $23.73 to $24.22 per share. This change is based on improvements in projected revenue growth and profit margins.
Analysis Article • Nov 26

IAMGOLD Corporation (TSE:IMG) Looks Just Right With A 27% Price Jump

IAMGOLD Corporation ( TSE:IMG ) shares have continued their recent momentum with a 27% gain in the last month alone...
Narrative Update • Nov 15

IMG: Share Buyback Will Drive Further Confidence Amid Production Upswing

Narrative Update on IAMGOLD: Analyst Price Target Revision Analysts have slightly lowered their price target for IAMGOLD, adjusting it from $23.79 to $23.73. This change reflects their consideration of higher discount rates and more conservative estimates for revenue growth and profit margin.
Narrative Update • Oct 31

IMG: Expected Gold Output Gains Will Drive Improved Margins In 2025

Analysts have raised their price target for IAMGOLD from $20.43 to $23.79, citing slight improvements in profit margin expectations along with a modestly higher long-term discount rate in their updated valuation models. What's in the News IAMGOLD reported assay results from the ongoing 2025 drilling programs at the Nelligan and Monster Lake Projects.
Narrative Update • Oct 17

Gold Mine Expansion Will Boost Output Amid Operational Risks

Analysts have raised their price target for IAMGOLD from $17.85 to $20.43, citing expectations of significantly higher revenue growth and profit margins. These expectations are supported by improved company fundamentals.
Analysis Article • Oct 10

Improved Earnings Required Before IAMGOLD Corporation (TSE:IMG) Stock's 27% Jump Looks Justified

Despite an already strong run, IAMGOLD Corporation ( TSE:IMG ) shares have been powering on, with a gain of 27% in the...
Narrative Update • Oct 03

Gold Mine Expansion Will Boost Output Amid Operational Risks

Analysts have raised their price target for IAMGOLD from $15.18 to $17.85. This reflects updated expectations for valuation based on recent adjustments to financial projections.
Narrative Update • Sep 17

Gold Mine Expansion Will Boost Output Amid Operational Risks

The consensus price target for IAMGOLD has been raised, primarily reflecting a significantly higher forward P/E despite a slight reduction in revenue growth forecasts, resulting in a new fair value estimate of CA$15.18. What's in the News IAMGOLD expects attributable gold production of 400,000 to 485,000 ounces in the second half of 2025, and 735,000 to 820,000 ounces for the full year.
Analysis Article • Sep 07

Here's Why IAMGOLD (TSE:IMG) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Aug 30

Gold Mine Expansion Will Boost Output Amid Operational Risks

The consensus price target for IAMGOLD has remained largely unchanged despite a significant rise in the stock's future P/E multiple, indicating higher growth expectations, with the fair value now set at CA$14.68. What's in the News IAMGOLD expects attributable production of 400,000–485,000 ounces in the second half and 735,000–820,000 ounces for full year 2025.
Analysis Article • Aug 24

IAMGOLD Corporation (TSE:IMG) Shares Fly 26% But Investors Aren't Buying For Growth

IAMGOLD Corporation ( TSE:IMG ) shareholders have had their patience rewarded with a 26% share price jump in the last...
Analysis Article • Jul 28

IAMGOLD's (TSE:IMG) Returns On Capital Are Heading Higher

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Analysis Article • May 26

Do IAMGOLD's (TSE:IMG) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
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New Narrative • Mar 23

Ramp-up At Côté Gold Will Expand Production Capacity By 2025

Increased production and strategic investments at Côté Gold project are seen as major revenue and efficiency catalysts, enhancing IAMGOLD's cash flow and margins.

Earnings and Revenue Growth Forecasts

TSX:IMG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,8171,3601,5172,0213
12/31/20274,6151,6691,9212,4355
12/31/20264,4041,6081,7332,5685
3/31/20263,4061,0041,2601,638N/A
12/31/20252,8536648061,143N/A
9/30/20252,235344170544N/A
6/30/20251,967799-9409N/A
3/31/20251,771805-55483N/A
12/31/20241,633820-151486N/A
9/30/20241,461724-325453N/A
6/30/20241,246129-561345N/A
3/31/20241,100137-715208N/A
12/31/202398788-816159N/A
9/30/202389792-748156N/A
6/30/202392751-626237N/A
3/31/2023920-64-567295N/A
12/31/2022959-54-374409N/A
9/30/2022770-76-324409N/A
6/30/2022810-109-298370N/A
3/31/2022843-91-282326N/A
12/31/2021876-87-283285N/A
9/30/20211,205-1-170346N/A
6/30/20211,24662-80370N/A
3/31/20211,2659253405N/A
12/31/20201,2423930348N/A
9/30/20201,188-324196481N/A
6/30/20201,127-323163431N/A
3/31/20201,089-367124398N/A
12/31/20191,065-373N/A363N/A
9/30/20191,046-107N/A124N/A
6/30/20191,017-107N/A83N/A
3/31/20191,048-114N/A94N/A
12/31/20181,111-31N/A191N/A
9/30/20181,128-11N/A233N/A
6/30/20181,15229N/A299N/A
3/31/20181,149562N/A334N/A
12/31/20171,095502N/A295N/A
9/30/20171,056514N/A294N/A
6/30/20171,070500N/A342N/A
3/31/20171,028-18N/A327N/A
12/31/201698753N/A311N/A
9/30/2016973-618N/A210N/A
6/30/2016898-720N/A99N/A
3/31/2016892-727N/A60N/A
12/31/2015917-797N/A38N/A
9/30/2015951-270N/A148N/A
6/30/20151,030-269N/A249N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMG's forecast earnings growth (3.5% per year) is above the savings rate (3%).

Earnings vs Market: IMG's earnings (3.5% per year) are forecast to grow slower than the Canadian market (10.8% per year).

High Growth Earnings: IMG's earnings are forecast to grow, but not significantly.

Revenue vs Market: IMG's revenue (1.6% per year) is forecast to grow slower than the Canadian market (4.9% per year).

High Growth Revenue: IMG's revenue (1.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IMG's Return on Equity is forecast to be low in 3 years time (15.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 05:38
End of Day Share Price 2026/05/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IAMGOLD Corporation is covered by 34 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrayATB Cormark
Farooq HamedBarclays
Matthew MurphyBMO Capital Markets Equity Research