Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Iamgold (IAG) , which belongs to the Zacks Mining - Gold industry. For the most recent quarter, Iamgold was expected to post earnings of $0.02 per share, but it reported $0.11 per share instead, representing a surprise of 450%. For the previous quarter, the consensus estimate was $0.02 per share, while it actually produced $0.06 per share, a surprise of 200%. ...

. Toronto, Ontario--(Newsfile Corp. - July 15, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its second quarter 2024 operating and financial results after market hours on Thursday, August 8, 2024. Senior management will host a conference call to discuss the operating performance and financial results on Friday, August 9, 2024, at 8:30 a.m. (Eastern Time). An online archive of the webcast will be available by accessing the Company's ...

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William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical writing. Other jobs have... Read more About thi ...

ROUYN-NORANDA, Quebec, July 08, 2024 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) wishes to inform shareholders that, through a transaction with IAMGOLD Corporation ("IAMGOLD", IMG-TSX, IAG-NYSE), Globex has acquired two gold projects located in the Abitibi West area of Quebec. Globex ha ...

Core Viewpoint - Iamgold has been upgraded to a Zacks Rank 1 (Strong Buy) due to a significant upward trend in earnings estimates, indicating a positive outlook for the company's stock price [5][6][7]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Iamgold has increased by 623.7% over the past three months, reflecting analysts' growing confidence in the company's earnings potential [10]. - For the fiscal year ending December 2024, Iamgold is expected to earn $0.28 per share, representing a year-over-year change of 211.1% [14]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [15]. Market Impact - The upgrade of Iamgold is expected to positively influence its stock price as institutional investors often react to changes in earnings estimates, leading to significant price movements [12][13].

Company Performance - Iamgold (IAG) has gained approximately 47.8% year-to-date, significantly outperforming the Basic Materials sector, which has returned an average of -4.5% [2] - The Zacks Consensus Estimate for IAG's full-year earnings has increased by 623.7% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [6] - Iamgold currently holds a Zacks Rank of 1 (Strong Buy), reflecting its strong earnings estimates and revisions [8] Industry Context - Iamgold is part of the Mining - Gold industry, which consists of 40 companies and currently ranks 45 in the Zacks Industry Rank. The average gain for this industry is 11.7% year-to-date, showing that IAG is performing better than its peers [3] - Another company in the Basic Materials sector, International Paper (IP), has also outperformed the sector with a year-to-date return of 19.6% [9] - The Paper and Related Products industry, to which International Paper belongs, is ranked 48 and has seen a gain of 10.5% this year [10]

Core Viewpoint - EU airline companies are underperforming in the market, but International Airlines Group (IAG) is seen as a bargain opportunity with a strong brand portfolio and competitive edge [1][7] Group 1: Company Overview - IAG is Europe's third-largest airline group, formed in January 2011, operating brands like British Airways, Iberia, and Aer Lingus [1] - The company operates over 600 aircraft and serves more than 250 destinations across 91 countries, providing a diversified brand portfolio that competes in various market segments [1] Group 2: Financial Performance - IAG's share price has declined by 70% since the pandemic, but the company is viewed as undervalued at current levels [1] - In Q1, IAG reported sales of €6.4 billion with an operating profit of €68 million, indicating a slight beat on core operating profit [2][3] - The passenger load factor is improving towards 85%, with a revenue CAGR of 5% and an EBITDA margin of 15% post-COVID [3] Group 3: Market Dynamics - Aircraft supply issues and maintenance backlogs are expected to constrain long-haul capacity in the medium term, supporting higher yields for network carriers [2] - Long-haul capacity is projected to increase by approximately 12% in Q2 and an additional 10% in Q3, benefiting IAG due to strong transatlantic demand [2] Group 4: Cost Structure and Balance Sheet - IAG has a leaner cost structure with a lower cost per available seat kilometer (CASK) compared to peers, enhancing competitiveness [3] - The company is projected to have a net debt to EBITDA ratio of 1.3x in 2024, indicating a potential resumption of dividend payments [2] Group 5: Valuation - IAG trades at a P/E of 4.2x, significantly lower than peers like Air France-KLM and Deutsche Lufthansa AG, which have normalized P/Es above 5.6x [4] - A blended valuation methodology suggests a target price of €2.5 per share ($5.34 in ADR), indicating a potential upside [4] Group 6: Conclusion - The EU air travel industry is recovering, supported by increased passenger volumes and corporate demand, with IAG's balance sheet now seen as investable [7] - The company is initiated with a buy rating and a projected 28% upside over the next 12 months [7]

Shares of the gold and niobium mining company have depreciated by 19.32% over the course of the past month, underperforming the Basic Materials sector's loss of 3.61% and the S&P 500's gain of 4.15%. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Industry Rank is ordered from b ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Iamgold (IAG) been one of those stocks this year? A quick glance at the company's year-todate performance in comparison to the rest of the Basic Materials sector should help us answer this question. Iamgold is one of 241 companies in the Basic Materials group. The Basic Materials group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different g ...