IAMGOLD Corporation (NYSE:IAG ) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Graeme Jennings - Vice President, Investor Relations and Corporate Communications Renaud Adams - President and Chief Executive Officer Maarten Theunissen - Chief Financial Officer Bruno Lemelin - Chief Operating Officer Conference Call Participants Anita Soni - CIBC World Markets Tanya Jakusconek - Scotiabank Operator Thank you for standing by. This is the conference operator.
IAG's Q4 results are likely to reflect higher gold prices and production.
In the closing of the recent trading day, Iamgold (IAG) stood at $6.54, denoting a -1.06% change from the preceding trading day.
Shares in International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC (LSE:EZJ) fell on Monday as rising oil prices pushed up fuel costs for airlines. Brent crude climbed above $75 per barrel, marking its second consecutive session of gains.
In the latest trading session, Iamgold (IAG) closed at $6.46, marking a -0.31% move from the previous day.
Iamgold (IAG) concluded the recent trading session at $6.24, signifying a -0.79% move from its prior day's close.
The price of gold's bullish trend in 2025 is expected to positively impact IAMGOLD Corporation, a $3.5 billion market cap gold producer. IAMGOLD has been increasing production and margins, leading to strong above-average revenue and earnings growth in 2025. IAG stock's low valuation leaves room to the upside for possible market outperformance.
IAMGOLD is set to deliver record 2024 revenues, backed by solid performances at its mines and higher gold prices.
US bank JP Morgan is expecting more good numbers from British Airways owner International Consolidated Airlines Group SA (LSE:IAG) with the upcoming set of quarterly updates from the airlines sector. The US bank sees IAG as offering the best chance of a positive surprise with transatlantic pricing strong and a benign demand/supply dynamic.
The consensus price target hints at a 29.3% upside potential for Iamgold (IAG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Iamgold (IAG) and Klabin SA (KLBAY) have performed compared to their sector so far this year.