IAMGOLD CORP (IAG) Stock Analysis — March 2026 Rating, Price, and Forecast
Company Overview — What Does IAMGOLD CORP Do?
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada. Its exploration and development projects include the Pitangui project in Brazil; the Karita project located in Guinea; the Diakha-Siribaya project situated in Mali; and the Nelligan and Monster Lake projects located in Quebec, Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada. IAMGOLD CORP (IAG) is classified as a large-cap stock in the Materials sector, specifically within the Precious Metals industry. The company is led by CEO Maryse Bélanger and employs approximately 5,360 people, headquartered in Toronto, Ontario. With a market capitalization of $12.9B, IAG is one of the prominent companies in the Materials sector.
IAMGOLD CORP (IAG) Stock Rating — Buy (March 2026)
As of March 2026, IAMGOLD CORP receives a Buy rating with a composite score of 58.8/100 and 4 out of 5 stars from the Blank Capital Research quantitative model.IAG ranks #328 out of 4,446 stocks in our coverage universe. Within the Materials sector, IAMGOLD CORP ranks #16 of 284 stocks, placing it in the top 10% of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
IAG Stock Price and 52-Week Range
IAMGOLD CORP (IAG) currently trades at $19.75. The stock lost $1.63 (7.6%) in the most recent trading session. Recent trading volume was 10.3M shares, indicating strong institutional interest and high liquidity.
Is IAG Overvalued or Undervalued? — Valuation Analysis
IAMGOLD CORP (IAG) carries a value factor score of 79/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 14.35x, compared to the Materials sector average of 43.35x — a discount of 67%. The price-to-book ratio stands at 3.85x, versus the sector average of 2.98x. The price-to-sales ratio is 1.97x, compared to 1.18x for the average Materials stock. On an enterprise value basis, IAG trades at 2.79x EV/EBITDA, versus 7.67x for the sector.
Based on these multiples, IAMGOLD CORP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
IAMGOLD CORP Profitability — ROE, Margins, and Quality Score
IAMGOLD CORP (IAG) earns a quality factor score of 37/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 101.6%, compared to the Materials sector average of 3.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 63.1% versus the sector average of 1.0%.
On a margin basis, IAMGOLD CORP reports gross margins of 33.7%, compared to 29.5% for the sector. The operating margin is 57.8% (sector: 6.0%). Net profit margin stands at 51.9%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
IAG Debt, Balance Sheet, and Financial Health
IAMGOLD CORP has a debt-to-equity ratio of 34.0%, compared to the Materials sector average of 44.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $1.12B. Cash and equivalents stand at $348M.
IAG has a beta of 0.73, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for IAMGOLD CORP is 52/100, reflecting average volatility within the normal range for its sector.
IAMGOLD CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, IAMGOLD CORP reported revenue of $1.63B and earnings per share (EPS) of $1.52. Net income for the quarter was $848M. Gross margin was 33.7%. Operating income came in at $944M.
In FY 2024, IAMGOLD CORP reported revenue of $1.63B and earnings per share (EPS) of $1.52. Net income for the quarter was $848M. Gross margin was 33.7%. Revenue grew 65.4% year-over-year compared to FY 2023. Operating income came in at $944M.
In FY 2023, IAMGOLD CORP reported revenue of $987M. Net income for the quarter was $104M. Gross margin was 12.6%. Revenue grew 3.0% year-over-year compared to FY 2022. Operating income came in at $73M.
In FY 2022, IAMGOLD CORP reported revenue of $959M and earnings per share (EPS) of $-0.15. Net income for the quarter was $-53M. Gross margin was 15.4%. Revenue grew -16.7% year-over-year compared to FY 2021. Operating income came in at $41M.
Over the past 8 quarters, IAMGOLD CORP has demonstrated a growth trajectory, with revenue expanding from $1.11B to $1.63B. Investors analyzing IAG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
IAG Dividend Yield and Income Analysis
IAMGOLD CORP (IAG) does not currently pay a dividend. This is common among growth-oriented companies in the Precious Metals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.
IAG Momentum and Technical Analysis Profile
IAMGOLD CORP (IAG) has a momentum factor score of 94/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 50/100 reflects moderate short selling activity.
IAG vs Competitors — Materials Sector Ranking and Peer Comparison
Within the Materials sector, IAMGOLD CORP (IAG) ranks #16 out of 284 stocks based on the Blank Capital composite score. This places IAG in the top decile of all Materials stocks in our coverage universe. Key competitors and sector peers include Nutrien Ltd. (NTR) with a score of 60.6/100, CVR PARTNERS, LP (UAN) with a score of 58.1/100, AGNICO EAGLE MINES LTD (AEM) with a score of 63.2/100, ADVANCED DRAINAGE SYSTEMS, INC. (WMS) with a score of 55.5/100, and CONSTELLIUM SE (CSTM) with a score of 54.0/100.
Comparing IAG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full IAG vs S&P 500 (SPY) comparison to assess how IAMGOLD CORP stacks up against the broader market across all factor dimensions.
IAG Next Earnings Date
No upcoming earnings date has been announced for IAMGOLD CORP (IAG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy IAG? — Investment Thesis Summary
The bull case for IAMGOLD CORP rests on several quantitative strengths. The quality score of 37/100 flags below-average profitability. The value score of 79/100 suggests attractive pricing relative to fundamentals. Price momentum is positive at 94/100, suggesting the trend favors buyers.
In summary, IAMGOLD CORP (IAG) earns a Buy rating with a composite score of 58.8/100 as of March 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on IAG stock.
Related Resources for IAG Investors
Explore more research and tools: IAG vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare IAG head-to-head with peers: IAG vs NTR, IAG vs UAN, IAG vs AEM.