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IAMGOLD Corporation

Gold

$18.99
+3.21%
Market cap $10.8B

Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada.

It is a $10.8B materials company. Revenue grew 74.7% over the last year, it keeps 23¢ of every dollar of sales as profit, and its net debt equals ~0.0 years of free cash flow. It trades at 9.1× earnings.

Employees
4 596
Sector
Basic Materials
Founded
1990

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation82Growth25Profitability87Health81Quality78Moat11

Strong valuation, profitability, health and quality; Growth and Moat lag behind.

Valuation82
  • P/E vs own history58th pct · 12/25
  • FCF yield14.6% · 25/25
  • P/S2.9x · 20/25
  • EV/EBITDA4.8x · 25/25
Growth25
  • Revenue CAGR34.4% · 25/25
  • Net income CAGRn/a · 0/25
  • EPS CAGR ~5Yn/a · 0/25
  • Fwd implied growth-3.2% · 0/25
Profitability87
  • ROIC14.8% · 12/25
  • ROE28.1% · 25/25
  • Net margin23.3% · 25/25
  • Operating margin46.9% · 25/25
Health81
  • Altman Z5.85 · 25/25
  • Current ratio1.71 · 18/25
  • Interest coverage8.5x · 18/25
  • Net cash / debtD/A 1% · 20/25
Quality78
  • Piotroski F7/9 · 22/25
  • Beneish M-3.01 · 25/25
  • FCF conversion238% · 25/25
  • Margin stabilityσ 24.6% · 6/25
Moat11
  • ROIC >12% years2/5 yrs · 6/25
  • Median gross margin15.4% · 0/25
  • FCF-positive years2/5 yrs · 5/25
  • Worst-year net marginworst -29.1% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. FY2024Financial
    Revenue crossed $1B
    $1.63B for the year
  2. FY2024Financial
    Best year on record
    $820M net income
  3. FY2023Financial
    Turned profitable
    $94.3M net income after a loss year
  4. 2017Milestone
    While the sales also helped finance the expansion of Essakane and the development of the Westwood mine, production…
  5. 2012Acquisition
    The company involvement in the Côté Gold mine began in 2012 when it acquired Trelawney Mining and Exploration which…
  6. 2011Acquisition
    Its 100% interest in the mine was sold in 2011 to Galane Gold, though Iamgold retained 48% interest in Galane until…
  7. 2009Acquisition
    It was acquired by Iamgold in 2009 from Orezone Resources who had conducted exploration and development activities
  8. 2006Acquisition
    Acquisition…
  9. 2004Acquisition
    After moving its headquarters from Markham to Toronto, the directors and CEOs of Iamgold and Wheaton River Minerals Ltd
  10. 2002IPO
    Additional shares were issued in 2002 and they company became listed on the American Stock Exchange
  11. 2002Acquisition
    Also in late-2002, in a $218 million in all-stock deal, Iamgold acquired royalty company Repadre Capital Corp
  12. 2001Product
    With the success of developing the Sadiola Gold Mine, Iamgold and AngloGold Ashanti developed a second mine, the…
  13. 1990Founded
    Headquartered in Toronto, the company was incorporated in 1990

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$86 318 today — price return only
$2.9B revenue in FY2025
Revenue up 74.7% year over year
Profitable 3 years in a row
4 596 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (50.3%)
  • Strongly profitable — 23.3% net margin
  • Revenue growing 74.7% year over year
  • Strong cash conversion — FCF is 55.4% of revenue
  • Could repay net debt from ~0.0 years of free cash flow

Watch-outs

  • Loss-making in 2 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 10 checks passed
  • Revenue growing+74.7% YoY
  • Profitable$664M FY2025
  • Profit growing+66.6% YoY
  • Generates cash$1.58B FY2025
  • Debt under control~0.0y of cash flow to repay
  • Established company$10.8B market cap
  • Not printing shares+19.9% shares over ~5y
  • Proven track record3/5 profitable years
  • Financially stableAltman Z 5.8 — safe
  • Pays a dividendno data
  • Valuation not extremeP/E 9.1
Peer comparisonIAMGOLD Corporation vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
IAG this company$10.8B9.1+74.7%23.3%Strong
LIN Linde plc Ordinary Share$223.2B30.8+6.6%20.4%Solid
SCCO Southern Copper Corporation$176.8B31.2+32.8%35.9%Strong
NEM Newmont Corporation$124.2B14.4+25.2%33.4%Strong
FCX Freeport-McMoran Inc.$105.8B35.9+0.2%11.4%Strong
AEM Agnico Eagle Mines Ltd.$95.8B15.9+43.7%37.5%Strong
B Barrick Mining Corporation$67.5B10.1+9.2%31.6%Strong

Head-to-head: IAG vs LIN · IAG vs SCCO · IAG vs NEM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 9Hold 3

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of IAG on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $18.99 · market cap $10.8B.