Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Have you been paying attention to shares of Iamgold (IAG) ? Shares have been on the move with the stock up 14.6% over the past month. The stock hit a new 52-week high of $4.78 in the previous session. Iamgold has gained 86.6% since the start of the year compared to the -7.1% move for the Zacks Basic Materials sector and the 23.3% 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 consen ...

All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. TSX: IMG NYSE: IAG NEWS RELEASE IAMGOLD REPORTS SECOND QUARTER 2024 RESULTS Toronto, Ontario, August 8, 2024 - IAMGOLD Corporation (NYSE:IAG, TSX:IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the second quarter ended June 30, 2024. "We are very proud of our achievements during the first half of the year at IAMGOLD," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "E ...

. ● . ● IAMGOLD Reports Second Quarter 2024 Results August 08, 2024 6:55 PM EDT | Source: IAMGOLD Corporation All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the second quarter ended June 30, 2024. "We are very proud of our achievements during the first half of the year at IAMGOLD," said Renaud Ada ...

Core Viewpoint - The article emphasizes the importance of focusing on fundamentally strong stocks amid a cautious market sentiment, highlighting three specific stocks that have the potential to double in value within the next six months [2]. Group 1: IAMGOLD (IAG) - IAMGOLD is identified as an attractive gold mining stock, currently priced at $3.7 after a decline from $4.6, presenting a buying opportunity with a forward P/E of 13.8 [3][4]. - The outlook for gold is positive, trading at $2,413 per ounce, with expectations of further price increases due to geopolitical tensions and potential rate cuts, which will benefit IAMGOLD through increased cash flows and possible dividends [4]. - The commencement of production at the Côté gold mine is a significant catalyst, with commercial production announced and expected production growth supporting revenue and cash flow increases into 2025 [5]. Group 2: Joby Aviation (JOBY) - Joby Aviation is positioned for a significant rally, with plans to commercialize eVTOL in the U.S. by 2025 and having completed 1,500 full-scale flights [6][7]. - The company has a cash buffer of $924 million as of Q1 2024, allowing for scaling up manufacturing operations, which is expected to drive growth in 2025 and beyond [8]. - Joby's acquisition of Xwing's autonomy division, which has completed 250 fully autonomous flights, is anticipated to enhance partnerships with the U.S. Department of Defense, potentially leading to new orders as a catalyst for growth [8]. Group 3: Marathon Digital (MARA) - Marathon Digital is viewed as a strong investment opportunity following a recent correction in Bitcoin prices, with expectations of a rebound due to anticipated rate cuts in the next 6 to 12 months [9]. - The company reported a 78% year-on-year revenue growth for Q2, reaching $145.1 million, and has plans to increase its hash rate capacity from 31.5 EH/s to 50 EH/s by year-end [10][11]. - With a cash buffer of $1.4 billion at the end of Q2, Marathon is well-positioned for aggressive expansion beyond 2024, supporting its growth strategy in the Bitcoin mining sector [11].

Group 1 - IAMGOLD Corporation has announced that the Côté Gold Mine has reached commercial production, defined as achieving a minimum of 30 consecutive days of operations with the mill operating at an average of 60% of nameplate throughput of 36,000 tons per day (tpd) [1] - The Côté Gold Mine is a joint venture between IAMGOLD and Sumitomo Metal Mining Co., Ltd., located in Ontario, Canada [1][4] - The company aims to improve plant availability to reach 90% of nameplate throughput by the end of the year, following a successful initial gold pour on March 31, 2024 [2][4] Group 2 - IAMGOLD plans to repurchase a 9.7% interest in Côté Gold in November, which will increase its ownership to 70% and enhance exposure to this key asset [2] - The company is addressing equipment availability issues, particularly in the crushing and screening circuits, with a planned multi-day shutdown in September [2] - IAMGOLD will report its second quarter 2024 operating and financial results on August 8, 2024, followed by a conference call on August 9, 2024 [3]

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Air Europa will not join the IAG Group after owner of British Airways and Ibera abandoned the acquistion in the face of competition concerns by regulators. Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environme ...

Iamgold (IAG) closed at $3.95 in the latest trading session, marking a +0.77% move from the prior day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a techheavy index, added 0.07%. The investment community will be closely monitoring the performance of Iamgold in its forthcoming earnings report. The company is scheduled to release its earnings on August 8, 2024. The company is predicted to post an EPS of $0.09, indicating a 1000% growth compared to the e ...

Full Truck Alliance (YMM) : This company which provides digital freight platform in China, has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Micron Technology (MU) : This company which has established itself as one of the leading worldwide providers of semiconductor memory solutions, has seen the Zacks Consensus Estimate for its current year earningsincreasing 31.8% over the last 60 days. You can see the complete list of today's Zacks #1 Rank (Strong ...

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Iamgold currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metri ...