IAMGOLD Future Growth

Future criteria checks 5/6

IAMGOLD is forecast to grow earnings and revenue by 48.7% and 31% per annum respectively. EPS is expected to grow by 38.7% per annum. Return on equity is forecast to be 10.7% in 3 years.

Key information

48.7%

Earnings growth rate

38.7%

EPS growth rate

Metals and Mining earnings growth	17.4%
Revenue growth rate	31.0%
Future return on equity	10.7%
Analyst coverage	Low
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:IAG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	1,885	220	465	660	2
12/31/2024	1,467	98	-133	350	2
12/31/2023	987	88	-816	159	N/A
9/30/2023	897	92	-748	156	N/A
6/30/2023	927	51	-626	237	N/A
3/31/2023	920	-64	-567	295	N/A
12/31/2022	959	-54	-374	409	N/A
9/30/2022	770	-76	-324	409	N/A
6/30/2022	810	-109	-298	370	N/A
3/31/2022	843	-91	-282	326	N/A
12/31/2021	876	-87	-283	285	N/A
9/30/2021	1,205	-1	-170	346	N/A
6/30/2021	1,246	62	-80	370	N/A
3/31/2021	1,265	92	53	405	N/A
12/31/2020	1,242	39	30	348	N/A
9/30/2020	1,188	-324	196	481	N/A
6/30/2020	1,127	-323	163	431	N/A
3/31/2020	1,089	-367	124	398	N/A
12/31/2019	1,065	-373	87	363	N/A
9/30/2019	1,046	-107	-195	124	N/A
6/30/2019	1,017	-107	-243	83	N/A
3/31/2019	1,048	-114	-244	94	N/A
12/31/2018	1,111	-31	-145	191	N/A
9/30/2018	1,128	-11	-75	233	N/A
6/30/2018	1,152	29	9	299	N/A
3/31/2018	1,149	562	73	334	N/A
12/31/2017	1,095	502	56	295	N/A
9/30/2017	1,056	514	N/A	294	N/A
6/30/2017	1,070	500	N/A	342	N/A
3/31/2017	1,028	-18	N/A	327	N/A
12/31/2016	987	53	N/A	311	N/A
9/30/2016	973	-618	N/A	210	N/A
6/30/2016	898	-720	N/A	99	N/A
3/31/2016	892	-727	N/A	60	N/A
12/31/2015	917	-797	N/A	38	N/A
9/30/2015	951	-270	N/A	148	N/A
6/30/2015	1,030	-269	N/A	249	N/A
3/31/2015	1,035	-272	N/A	314	N/A
12/31/2014	1,008	-269	N/A	312	N/A
9/30/2014	783	-991	N/A	284	N/A
6/30/2014	790	-881	N/A	234	N/A
3/31/2014	860	-888	N/A	175	N/A
12/31/2013	948	-863	N/A	246	N/A
9/30/2013	1,299	92	N/A	303	N/A
6/30/2013	1,341	145	N/A	334	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IAG's forecast earnings growth (48.7% per year) is above the savings rate (2.4%).

Earnings vs Market: IAG's earnings (48.7% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: IAG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IAG's revenue (31% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: IAG's revenue (31% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IAG's Return on Equity is forecast to be low in 3 years time (10.7%).

IAMGOLD Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 8.5% to US$3.50

IAMGOLD Corporation Provides Consolidated Production Guidance for the Year 2024

Price target increased by 8.3% to US$3.23

IAMGOLD Corporation Provides Production Guidance for the Year 2023

Price target increased by 7.4% to US$3.07

IAMGOLD Corporation Provides Production Guidance for the Year 2023

Recent updates

Iamgold: Industry-Leading Growth At Improving Margins

Price target increased by 8.5% to US$3.50

IAMGOLD Corporation to Report Q1, 2024 Results on May 09, 2024

Investor sentiment improves as stock rises 18%

IAMGOLD Corporation, Annual General Meeting, May 29, 2024

Investor sentiment improves as stock rises 17%

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

IAMGOLD Corporation Provides Consolidated Production Guidance for the Year 2024

New minor risk - Shareholder dilution

IAMGOLD Corporation (TSX:IMG) completed the acquisition of Vanstar Mining Resources Inc.

Iamgold: Significant Growth On Deck

IAMGOLD Corporation to Report Q4, 2023 Results on Feb 15, 2024

IAMGOLD Corporation Files Updated Technical Report for Essakane Gold Mine

IAMGOLD Corporation Files Updated Technical Report for Essakane Gold Mine

Iamgold: Turnaround Thesis Remains Intact

IAMGOLD Corporation (TSX:IMG) entered into a definitive arrangement agreement to acquire Vanstar Mining Resources Inc. (TSXV:VSR) for approximately CAD 45 million.

IAMGOLD Corporation Announces Board Changes

Iamgold: Poised For A Strong Uptrend As Gold Turns Bullish

IAMGOLD Corporation Announces Update for the Côté Gold Project Highlighting from its Continuing Diamond Drilling Program at the Gosselin Zone Discovery Located Immediately Adjacent to the Côté Gold Deposit

IAMGOLD Corporation to Report Q3, 2023 Results on Nov 09, 2023

IAMGOLD Corporation Appoints Bruno Lemelin as Chief Operating Officer

IAMGOLD Corporation Announces Executive Changes

Price target increased by 8.3% to US$3.23

Investor sentiment improves as stock rises 17%

Second quarter 2023 earnings released: EPS: US$0.19 (vs US$0.02 loss in 2Q 2022)

IAMGOLD Corporation Provides Production Guidance for the Year 2023

Iamgold: Cote Gold Is 85.7% Completed

IAMGOLD Corporation to Report Q2, 2023 Results on Aug 10, 2023

IAMGOLD Corporation to Report Q2, 2023 Results on Aug 10, 2023

IAMGOLD Corporation Appoints Audra Walsh to the Board of Directors

Iamgold Corporation Starts Production on Globex's Gold Royalty Property

Iamgold At 90% Off Its Peak

CEO, President & Director recently bought US$467k worth of stock

Price target increased by 7.4% to US$3.07

IAMGOLD Corporation announced that it has received CAD 400 million in funding

IAMGOLD Corporation Provides Production Guidance for the Year 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.5% to US$2.86

IAMGOLD Corporation Provides Production Guidance for the Year 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

IAMGOLD Non-GAAP EPS of -$0.02, revenue of $207.2M

Price target increased by 11% to US$2.76

Iamgold Announces Results of the Gosselin 2022 Drill Program Demonstrating Expansion Potential of the Deposit

SILVER SOURCE GROUP LIMITED acquired 95% interest in Rosebel Gold Mines N.V. from IAMGOLD Corporation (TSX:IMG).

Duparquet Gold Mines Inc. entered into an agreement to acquire Porcupine East Property from IAMGOLD Corporation (TSX:IMG).

Angus Gold Inc. (TSXV:GUS) exercised its option to acquire 100% interest in Mishi Property from IAMGOLD Corporation (TSX:IMG) for CAD 0.7 million.

Iamgold: The Cote Gold Financing Is Now Resolved

IAMGOLD Corporation to Report Q4, 2022 Results on Feb 16, 2023

Price target increased to US$2.27

IAMGOLD Corporation and Vanstar Mining Resources Inc. Announces Updated Mineral Resource Estimate for the Nelligan Joint Venture Project

The Market Is Reading IAMGOLD Correctly

Managem S.A. (CBSE:MNG) entered into a definitive agreement to acquire Diakha-Siribaya, Karita Gold Project, Boto west, Daorala and Senala Quest from IAMGOLD Corporation (TSX:IMG).

Iamgold Corporation Announces Transaction with Sumitomo Metal Mining to Provide Up to $340 Million in Additional Funding for the Construction of the Côté Gold Project

Iamgold Offers Compelling Value After Recent Deals Ease Liquidity Concerns

Price target increased to US$1.91

Iamgold Corporation: We Have A Mammoth In The Room Called Côté Gold

Price target increased to US$1.74

High number of new and inexperienced directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to US$1.60

IAMGOLD Corporation Revises Production Guidance for the Full Year of 2022

Iamgold's New Côté Gold Play Needs To Be A Winner For Equity Upside

IAMGOLD Corporation to Report Q3, 2022 Results on Nov 08, 2022

Zijin Mining Group Company Limited (SEHK:2899) agreed to acquire 95% interest in Rosebel Gold Mines N.V. from IAMGOLD Corporation (TSX:IMG) for $360 million.

Price target decreased to US$1.47

IAMGOLD Corporation Announces Resignation of Deborah Starkman from the Board of Directors

Price target decreased to US$1.61

IAMGOLD Corporation Announces Departure of as Daniella Dimitro as Executive Vice President, Strategy Corporate Development

IAMGOLD Corporation Announces Chief Financial Officer Changes