IAMGOLD(IAG)
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Iamgold (IAG) Rises Higher Than Market: Key Facts
ZACKS· 2025-07-16 23:16
Company Performance - Iamgold (IAG) closed at $7.15, reflecting a +1.85% change from the previous day, outperforming the S&P 500's gain of 0.32% [1] - Over the past month, IAG shares have depreciated by 6.9%, underperforming the Basic Materials sector's gain of 0.43% and the S&P 500's gain of 4.51% [1] Upcoming Earnings - Iamgold's earnings report is scheduled for August 7, 2025, with projected EPS of $0.17, indicating a 6.25% increase compared to the same quarter last year [2] - For the full year, analysts expect earnings of $0.78 per share and revenue of $2.42 billion, representing changes of +41.82% and +48.44% from the previous year [3] Analyst Estimates and Valuation - Recent changes to analyst estimates for Iamgold are significant, as they often indicate shifts in near-term business trends, with positive revisions seen as favorable for the business outlook [3][4] - Iamgold currently has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 3.33% over the past month [5] - The company is trading at a Forward P/E ratio of 9.06, which is below the industry average of 12.55, and has a PEG ratio of 0.34 compared to the industry average of 0.55 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 15, placing it in the top 7% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
IAMGOLD Provides Notice of Second Quarter 2025 Results and Conference Call
Newsfile· 2025-07-09 11:00
Core Viewpoint - IAMGOLD Corporation is set to release its second quarter 2025 operating and financial results on August 7, 2025, followed by a conference call on August 8, 2025, to discuss these results [1][2] Company Overview - IAMGOLD is an intermediate gold producer and developer based in Canada, with operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [3] - The Côté Gold Mine achieved full nameplate capacity in June 2025 and is positioned to be one of the largest gold mines in Canada, operated in partnership with Sumitomo Metal Mining Co. Ltd [3] - The company has a portfolio of early-stage and advanced exploration projects in high-potential mining districts and employs approximately 3,700 people [3] - IAMGOLD is committed to high standards of Environmental, Social, and Governance practices [3]
Iamgold (IAG) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-06-27 23:16
Company Performance - Iamgold (IAG) closed at $7.08, reflecting a -4.07% change from the previous day, which is less than the S&P 500's daily gain of 0.52% [1] - The stock has increased by 8.85% over the past month, outperforming the Basic Materials sector's gain of 4.06% and the S&P 500's gain of 5.95% [1] Earnings Estimates - Iamgold is expected to report an EPS of $0.18, indicating a 12.5% growth compared to the same quarter last year [2] - For the full year, earnings are projected at $0.78 per share and revenue at $2.42 billion, representing increases of +41.82% and +48.35% from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for Iamgold reflect shifting short-term business dynamics, with positive revisions indicating analyst optimism about the company's profitability [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] - Iamgold currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate moving 3.1% higher over the last 30 days [5] Valuation Metrics - Iamgold is trading at a Forward P/E ratio of 9.52, which is a discount compared to the industry average Forward P/E of 12.57 [6] - The company has a PEG ratio of 0.38, while the average PEG ratio for Mining - Gold stocks is 0.56 [6] Industry Overview - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 46, placing it in the top 19% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
IAMGOLD Completes Final Delivery and Conclusion of Gold Prepay Arrangements
Newsfile· 2025-06-25 11:00
Core Viewpoint - IAMGOLD Corporation has successfully completed the final delivery of gold ounces under its gold prepay arrangements, concluding a total of 150,000 ounces as part of a financing package for the Côté Gold construction [1][2]. Company Overview - IAMGOLD is an intermediate gold producer based in Canada, operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [3]. - The company commenced production at Côté Gold on March 31, 2024, in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be one of the largest gold mines in Canada [3]. - IAMGOLD employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [3]. Financial Impact - The conclusion of the gold prepay arrangements is seen as a significant cash flow inflection point for IAMGOLD, with an estimated cash flow of approximately $200 to $225 million that the company would have received in the first half of 2025 if the arrangements were not in place [2]. - The company delivered the remaining 75,000 ounces of gold under the arrangements, with only a portion exposed to gold price fluctuations [2]. Strategic Timing - The conclusion of the arrangements coincides with the Côté Gold Mine reaching nameplate throughput, and expectations of improved operating results across all assets in the second half of the year [2]. - The current favorable gold price environment positions the company to generate stronger free cash flows and initiate a disciplined deleveraging strategy [2].
Iamgold (IAG) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-06-24 14:35
Core Viewpoint - Iamgold (IAG) has reached a significant support level and shows potential for investors from a technical perspective, particularly after breaking through the 20-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day simple moving average (SMA) is a widely used investing tool that helps smooth out price fluctuations and provides insight into short-term price trends [1][2]. - A stock price moving above the 20-day SMA is considered a positive trend, while falling below it signals a downward trend [2]. Performance Metrics - IAG shares have increased by 13.4% over the past four weeks, indicating a positive momentum [4]. - The company currently holds a Zacks Rank of 3 (Hold), suggesting potential for continued growth [4]. Earnings Estimates - Positive revisions in earnings estimates bolster the bullish outlook for IAG, with no estimates lowered in the past two months and three raised estimates for the current fiscal year [4]. - The consensus earnings estimate has also seen an increase, further supporting the positive sentiment around IAG [4]. Investment Consideration - Given the important technical indicators and the positive movement in earnings estimate revisions, IAG should be considered for investors' watchlists [5].
IAMGOLD Announces Côté Gold Achieving Nameplate Throughput
Newsfile· 2025-06-23 11:00
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256422 "I would like to congratulate our Côté Gold teams, who demonstrated remarkable determination and commitment to bring Côté Gold online and advance it to nameplate throughput rate within 15 months," said Renaud Adams, President & CEO of IAMGOLD. "To bring a gold project from first gold to the design nameplate rate within this timeframe, while ensuring a safe workplace for all, exemplifies the commitment ...
Iamgold: Stock's Success Is Likely To Continue
Seeking Alpha· 2025-06-15 14:45
Core Viewpoint - The article emphasizes the importance of investing in high-quality growth and momentum stocks that are reasonably priced, with a focus on long-term performance and market outperformance [1]. Group 1: Investment Strategy - The investment strategy involves focusing on growth and momentum stocks that are expected to outperform the market over the long term [1]. - The analyst has a history of advising investors to buy at market lows, specifically mentioning a recommendation in March 2009 during the financial crisis, which led to significant market gains [1]. Group 2: Market Performance - From 2009 to 2019, the S&P 500 increased by 367%, while the Nasdaq saw an increase of 685%, highlighting the potential for substantial returns in the stock market [1]. Group 3: Investor Guidance - The article aims to assist investors in making money through investments in high-quality growth stocks, indicating a commitment to guiding investors towards profitable opportunities [1].
Iamgold (IAG) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-06-05 17:01
Core Viewpoint - Iamgold (IAG) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system highlights the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][4]. - For Iamgold, the recent upgrade reflects an improvement in the company's underlying business, which is expected to drive stock price appreciation [5]. Earnings Estimate Revisions - Iamgold is projected to earn $0.75 per share for the fiscal year ending December 2025, marking a year-over-year increase of 36.4% [8]. - Over the past three months, the Zacks Consensus Estimate for Iamgold has risen by 30.7%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, suggesting a strong potential for market-beating returns [9][10]. - Iamgold's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a favorable earnings estimate revision trend [10].
IAG or TFPM: Which Is the Better Value Stock Right Now?
ZACKS· 2025-05-21 16:41
Core Viewpoint - Investors interested in mining stocks, particularly gold, are evaluating Iamgold (IAG) and Triple Flag Precious Metals (TFPM) for potential undervaluation opportunities [1] Group 1: Company Overview - Both IAG and TFPM currently hold a Zacks Rank of 2 (Buy), indicating a positive earnings outlook supported by favorable analyst estimate revisions [3] - IAG has a forward P/E ratio of 9.40, while TFPM has a forward P/E of 26.91, suggesting IAG may be more undervalued [5] - IAG's PEG ratio is 0.33, indicating strong expected EPS growth relative to its price, whereas TFPM's PEG ratio is 1.05 [5] Group 2: Valuation Metrics - IAG has a P/B ratio of 1.10, which compares favorably to TFPM's P/B ratio of 2.37, indicating IAG's stock may be more attractively priced relative to its book value [6] - Based on various valuation metrics, IAG holds a Value grade of A, while TFPM has a Value grade of D, reinforcing the view that IAG is the superior value option at this time [6]
Iamgold Corporation: Côté Gold Mine Fuels A Comeback Year With Free Cash Flow Surge
Seeking Alpha· 2025-05-20 14:37
Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures related to the author's position and affiliations [1][2]. Group 1 - No stock, option, or similar derivative positions are held by the author in any mentioned companies, nor are there plans to initiate such positions in the near future [1]. - The article expresses the author's personal opinions and does not reflect the views of Seeking Alpha as a whole [2]. - The content does not provide any investment recommendations or advice regarding the suitability of investments for particular investors [2].