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IAMGOLD Announces US$300 Million Bought Deal Financing
globenewswire.com· 2024-05-21 20:18
BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets pursuant to which they have agreed to purchase, on a bought deal basis, 72,000,000 common shares of the Company at a price of US$4.17 ...
IAMGOLD (IAG) Hits 52-Week High: What's Driving the Stock?
zacks.com· 2024-05-21 17:30
Shares of IAMGOLD Corporation (IAG) scaled a new 52-week high of $4.60 on May 20, before ending the session slightly lower at $4.53. The increase was fueled by rising gold prices and IAG's solid first-quarter production numbers and results. Côté Gold mine commenced production during the quarter, contributing 1,000 ounces to its quarterly output. This marks a milestone for IAG as the mine is expected to significantly boost its production, while lowering the cost profile. IAMGOLD has a market capitalization o ...
Iamgold (IAG) is a Great Momentum Stock: Should You Buy?
zacks.com· 2024-05-21 17:01
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Iamgold (IAG) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspe ...
The 3 Most Undervalued Penny Stocks to Buy in May 2024
investorplace.com· 2024-05-17 18:59
Penny stocks are a horrible investment. Selling for less than $1 per share, penny stocks are cheap for a reason. Many of the companies don't even have a product or service consumers can buy. Instead, they try to lure investors in with a story about how big they can get one day. The appeal of penny stocks is understandable, though. Controlling only a handful of shares can make you a killing if the stock moves higher by just a few pennies. Unfortunately, that rarely happens, and most investors who buy penny s ...
IAG vs. TFPM: Which Stock Is the Better Value Option?
zacks.com· 2024-05-16 16:41
IAG currently has a forward P/E ratio of 18.21, while TFPM has a forward P/E of 34.92. We also note that IAG has a PEG ratio of 0.45. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. TFPM currently has a PEG ratio of 2.29. Another notable valuation metric for IAG is its P/B ratio of 0.95. The P/B is a method of comparing a stock's market value to its book value, which is defined as ...
Iamgold Corporation (IAG) Soars to 52-Week High, Time to Cash Out?
zacks.com· 2024-05-16 14:15
Have you been paying attention to shares of Iamgold (IAG) ? Shares have been on the move with the stock up 22.4% over the past month. The stock hit a new 52-week high of $4.55 in the previous session. Iamgold has gained 77.1% since the start of the year compared to the 0.8% move for the Zacks Basic Materials sector and the 15.9% return for the Zacks Mining - Gold industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consens ...
IAMGOLD(IAG) - 2024 Q1 - Earnings Call Transcript
2024-05-10 15:31
Company Participants We are joining today from IAMGOLDÂ's Toronto office, which is located on Treaty 13 territory on the traditional lands of many nations, including the Mississaugas of the Credit, the Anishnabeg, Chippewa, Haudenosaunee, and the Wendat peoples. At IAMGOLD, we believe respecting and upholding Indigenous rights is founded upon relationships that foster trust, transparency and mutual respect. IÂ'll now turn the call over to our President and CEO, Renaud Adams. Essakane and Westwood. At steady ...
IAG Shares Rise As FTSE Firm Reveals Robust Q1 Revenues, Profits
Forbes· 2024-05-10 08:53
Photo by Daniel Berehulak/Getty ImagesGetty ImagesInternational Consolidated Airways (IAG) has made a strong start to the year with robudt travel spending from holidaymakers and business travellers enduring.At 184.9p per share, IAG’s share price rose 1.1% in Friday trading.Revenues at the British Airways owner rose 9.2% in the first quarter, to €6.4 billion, as passenger revenues increased 11.7% to €5.6 billion.Cargo revenues dipped 12.4% year on year, to €283 million.Strong NumbersThe FTSE 100 firm carried ...
IAMGOLD's (IAG) Shares Scale 52-Week High: More Room to Run?
Zacks Investment Research· 2024-04-08 13:26
Shares of IAMGOLD Corporation (IAG) scaled a new 52-week high of $3.80 on Apr 5, before closing the session a tad lower at $3.72.The stock rose on the announcement of its first gold pour at the Côté Gold Mine, located in Ontario, Canada, on Mar 31, 2024. This marks a milestone for IAG as the mine is expected to significantly boost its production while lowering the cost profile. The company’s share price surged as gold prices hit record levels due to multiple factors like U.S. interest rate cut bets, geopoli ...
IAMGOLD Provides Notice of First Quarter 2024 Results and Conference Call
Newsfile Corp· 2024-04-05 11:00
IAMGOLD Provides Notice of First Quarter 2024 Results and Conference CallApril 05, 2024 7:00 AM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - April 5, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its first quarter 2024 operating and financial results after market hours on Thursday, May 9, 2024. Senior management will host a conference call to discuss the operating performance and financial resu ...