Iamgold Earnings Miss Estimates in Q4, Revenues Increase Y/Y

Iamgold Corp. IAG posted adjusted earnings of 10 cents per share in the fourth quarter of 2024, missing the Zacks Consensus Estimate of 13 cents. The company reported earnings of 6 cents in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including one-time items, IAG reported earnings of 15 cents per share against the prior-year quarter’s loss per share of 2 cents.Revenues increased 57.9% year over year to $470 million in the fourth quarter of 2024. The upside was driven by higher sales volume and prices.Iamgold Corporation Price, Consensus and EPS Surprise  Iamgold Corporation price-consensus-eps-surprise-chart | Iamgold Corporation QuoteIAG’s Q4 Gross Margin Soars Y/Y on Higher ProductionAttributable gold production was 177,000 ounces for the quarter, up 30.1% year over year. The company sold 177,000 ounces of gold (on an attributable basis) in the fourth quarter compared with 136,000 ounces in the fourth quarter of 2023.The cost of sales was $339 million in the reported quarter, up 36.8%. The gross profit skyrockets 162.9% year over year to $130.9 million. The gross margin came in at 27.9% in the reported quarter, up from the prior-year quarter’s 16.7%.Iamgold’s Cash Flow & Balance SheetNet cash from operating activities was $103 million in the fourth quarter of 2024, up from $69.9 million in the prior-year quarter. Cash and cash equivalents were $347.5 million as of Dec 31, 2024, down from $367 million as of Dec 31, 2023.IAG’s 2024 PerformanceIAG posted adjusted earnings of 55 cents per share in 2024, missing the Zacks Consensus Estimate of 57 cents. The company reported earnings of 9 cents in 2023.Including one-time items, Iamgold reported earnings of $1.52 per share compared with 2023’s earnings per share of 18 cents.Revenues increased 65.4% year over year to record $1.63 billion in 2024. The figure beat the Zacks Consensus Estimate of $1.62 billion.Iamgold’s Stock Price PerformanceThe company’s shares have soared 111% in a year compared with the industry’s growth of 56.8%.  Image Source: Zacks Investment Research IAG’s Zacks RankIamgold currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Iamgold’s Peer Performances in Q4Royal Gold, Inc. RGLD reported adjusted earnings per share of $1.63 in the fourth quarter of 2024, beating the Zacks Consensus Estimate of $1.49. The bottom line increased 72% year over year.RGLD generated revenues of $203 million, up 32.7% year over year. The upside was driven by advanced average metal prices, increased gold sales from Rainy River and Wassa, and higher gold sales from the Peñasquito mine. However, the gains were partially offset by a year-over-year decline in gold production from Cortez.Barrick Gold Corporation GOLD recorded adjusted earnings per share of 46 cents. The figure beat the Zacks Consensus Estimate of 41 cents. The company recorded net earnings (on a reported basis) of $996 million or 57 cents per share for fourth-quarter 2024. The figure improved from a profit of $479 million or 27 cents per share in the year-ago quarter.Barrick’s total revenues were $3.64 billion, up 19.2% year over year.Kinross Gold Corporation KGC posted adjusted earnings of 20 cents per share, up from the prior-year quarter’s 11 cents. The bottom line missed the Zacks Consensus Estimate of 23 cents.KGC’s revenues rose 26.9% year over year to $1.42 billion in the fourth quarter. It topped the Zacks Consensus Estimate of $1.11 billion.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinross Gold Corporation (KGC): Free Stock Analysis Report Iamgold Corporation (IAG): Free Stock Analysis Report Barrick Gold Corporation (GOLD): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks