If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our inhouse developed data analytics platform. Airlines definitely do not make for the most attractive investments, especially not in the long term. At the same time, we do see many airline names in Europe and North America trade at levels that would almost give investors the impression that th ...

. . . IAMGOLD Announces Update on Côté Gold Mine Operations and Exploration Ahead of Mine Tour October 15, 2024 4:55 PM EDT | Source: IAMGOLD Corporation All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - October 15, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to provide an update for the Côté Gold Mine ("Côté Gold" or "Côté") including preliminary operating results for the third quarter of 2024 a ...

Core Viewpoint - Iamgold (IAG) is positioned well to continue its trend of beating earnings estimates, particularly in the upcoming quarterly report, supported by a strong earnings history and positive analyst sentiment [1][3]. Earnings Performance - In the last reported quarter, Iamgold achieved earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, resulting in a surprise of 100% [2]. - In the previous quarter, the company was expected to post earnings of $0.02 per share but delivered $0.11 per share, leading to a surprise of 450% [2]. Analyst Sentiment - Recent estimates for Iamgold have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [3][6]. - The current Earnings ESP for Iamgold stands at +10.30%, reflecting a bullish outlook from analysts regarding its near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5]. Investment Considerations - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) suggests a high likelihood of an earnings beat for Iamgold [6]. - It is crucial for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [7].

. . ● . IAMGOLD Provides Notice of Third Quarter 2024 Results and Conference Call October 15, 2024 6:45 AM EDT | Source: IAMGOLD Corporation Toronto, Ontario--(Newsfile Corp. - October 15, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its third quarter 2024 operating and financial results after market hours on Thursday, November 7, 2024. Senior management will host a conference call to discuss the operating performance and financia ...

Core Viewpoint - IAMGOLD's stock experienced a significant decline due to concerns over potential mining permit withdrawals in Burkina Faso, despite the company asserting that its operations remain compliant with local laws [1][4][25]. Company Overview - IAMGOLD holds a 90% stake in the Essakane Gold Mine in Burkina Faso, which is the largest producing mine for the company, contributing over 50% of its total production [2][8]. - The Essakane mine has a projected production guidance of 380,000-410,000 ounces for 2024 and is expected to produce 2 million ounces from 2024 to 2028 [8]. Recent Developments - The stock fell 10% following comments from Burkina Faso's president regarding the potential revocation of mining permits for non-compliant companies [1][4]. - IAMGOLD reassured investors that it is unaware of any challenges to its permits and that the Essakane mine continues to operate under its existing permits [2][7]. Market Performance - IAMGOLD shares have gained 79.5% year-to-date, significantly outperforming the industry average of 30.9% [10]. - The stock's recent sell-off may present a buying opportunity, as the market reaction could be seen as overdone [3][25]. Financial Outlook - The Zacks Consensus Estimate for IAMGOLD's 2024 earnings is $0.49, reflecting a year-over-year growth of 444.44% [19]. - Sales estimates for 2024 and 2025 are projected at $1.55 billion and $1.86 billion, respectively, indicating a year-over-year growth of 56.67% and 20.53% [18]. Gold Market Dynamics - Gold prices have risen 28% year-to-date, currently around $2,642 per ounce, with expectations to reach approximately $3,000 per ounce by 2025 due to strong demand and limited supply [20]. - The increase in gold prices is expected to positively impact IAMGOLD's financial performance [20]. Growth Initiatives - IAMGOLD is investing in growth projects, including the ramp-up of the Côté Gold mine, which is expected to enhance production and efficiency [21][12]. - The Côté Gold mine is projected to produce 220,000-290,000 ounces annually, with a total expected output of 495,000 ounces in its first six years [14]. Valuation Metrics - IAMGOLD is currently trading at a forward price/sales ratio of 1.45, significantly lower than the industry average of 3.07 [23]. - The company's valuation is attractive compared to major competitors like Newmont and Barrick Gold, which have higher forward price/sales ratios [23].

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they ...

● ● . IAMGOLD Provides Update on Media Reports Concerning Burkina Faso October 07, 2024 2:51 PM EDT | Source: IAMGOLD Corporation All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - October 7, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") today shared an update on its operations in Burkina Faso in response to media reports following a radio interview that occurred on Saturday, October 5, 2024 with President Tra ...

Gold has been having a fabulous year, and it has outperformed the stock market. Bullion has jumped 30.1% year to date compared with the 19.5% growth of the S&P 500. When bonds become less attractive, gold has historically rallied. This is because higher interest rates increase the burden on holding gold as it does not pay a yield. Hence, in an environment where interest rates are coming down and mega-cap growth stocks like tech are looking more lucrative than bonds, the sentiment about investing in gold get ...

IAMGOLD Corporation (IAG) has issued Sumitomo Metal Mining Co., Ltd. with a 60-day formal notice to exercise its right to repurchase a 9.7% interest in the Côté Gold mine. This will increase IAG's stake to 70% in the mine, which is Canada's third-largest one. The projected average annual gold production over the life of the mine is 0.365 million ounces. Côté Gold is operated as a joint venture between IAMGOLD (as the operator) and Sumitomo Metal Mining Co., Ltd., a subsidiary of Sumitomo (SSUMY) . IAG & Sum ...

● . IAMGOLD Submits Formal 60 Days Notice to Sumitomo for Repurchase of 9.7% Cote Gold Mine Interest September 30, 2024 5:00 PM EDT | Source: IAMGOLD Corporation All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - September 30, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce that it has provided Sumitomo Metal Mining Co., Ltd. ("Sumitomo") with the required 60 days formal notice of the Comp ...