Genetic parameters were estimated for birth weight (BW), weaning weight (WW), yearling weight (YW), average daily gain from birth to weaning (ADG1) and average daily gain from weaning to yearling (ADG2) in Moghani sheep. Maximum number of data was 4237 at birth, but only 1389 records at yearling were investigated. The data was collected from 1995 to 2007 at the Breeding Station of Moghani sheep in Jafarabad, Moghan, Iran. (Co)Variance components and genetic parameters were estimated with different models which including direct effects, with and without maternal additive genetic effects as well as maternal permanent environmental effects using restricted maximum likelihood (REML) method. The most appropriate model for each trait was determined based on likelihood ratio tests and Akaike’s Information Criterion (AIC). Maternal effects were important only for preweaning traits. Direct heritability estimates for BW, ADG1, WW, ADG2 and YW were 0.07, 0.08, 0.09, 0.09 and 0.17, respectively. Fractions of variance due to maternal permanent environmental effects on phenotypic variance were 0.08 for ADG1. Maternal heritability estimates for BW and WW were 0.18 and 0.06, respectively. Multivariate analysis was performed using the most appropriate models obtained in univariate analysis. Direct genetic correlations among studied traits were positive and ranged from 0.37 for BW–ADG2 to 0.85 for ADG1–YW. Maternal genetic correlation estimate between BW and WW was 0.33. Phenotypic and environmental correlation estimates were generally lower than those of genetic correlation. Low direct heritability estimates imply that mass selection for these traits results in slow genetic gain.