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 ...

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") announces the voting results from the Company's Annual and Special Meeting of Shareholders (the "Meeting") held Wednesday, May 29, 2024. A summary of the results are as follows: 1. Election of Directors The nominees listed on the Management Information Circular dated April 23, 2024, were elected as directors of the Corporation to hold office for the ensuing year or until their successo ...

IAMGOLD Corporation (IAG) announced the successful closing of its previously announced bought deal equity financing, raising gross proceeds of $300.24 million. The net proceeds will be used to repurchase a 9.7% interest in the Côté Gold mine from Sumitomo Metal Mining Co. Ltd., a subsidiary of Sumitomo (SSUMY) , thereby restoring its 70% interest in the Côté Gold Mine. IAMGOLD, on May 21, 2024, announced that it entered an agreement with a syndicate of underwriters per which they have agreed to purchase, on ...

IAMGOLD Completes US$300 Million Bought Deal Financing May 24, 2024 8:03 AM EDT | Source: IAMGOLD Corporation Toronto, Ontario--(Newsfile Corp. - May 24, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce the closing of its "bought deal" equity financing of 72,000,000 common shares of the Company (the "Offering"). At a price of US$4.17 per common share, the Company raised aggregate gross proceeds of US$300.24 million pursuant to the Offering. The Offering, ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Use of Proceeds IAMGOLD intends to use the net proceeds of the Offering, including the net proceeds from the Over-Allotment Option should it be exercised, towards the repurchase of the 9.7% interest ("Transferred Interest") in the Côté Gold Mine from Sumitomo Metal Mining Co. Ltd. ("Sumitomo"), in order to return to its full 70% interest in the Côté Gold Mine. The net proceeds of the Offering are to be deposited in an interest-bearing account or used to repay drawn amounts under its credit facility, in acco ...

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 ...

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 ...

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 ...