IAMGOLD (IAG) Stock Price, News & Analysis

Company Overview

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $5.47 to $5.64
• 50-Day Range: $4.53 to $6.15
• 52-Week Range: $2.11 to $6.37
• Volume: 5.82 million shs
• Average Volume: 7.93 million shs
• Market Capitalization: $3.18 billion
• P/E Ratio: 4.36
• Dividend Yield: N/A
• Price Target: $6.68
• Consensus Rating: Moderate Buy

IAMGOLD Stock Analysis - MarketRank™

IAMGOLD scored higher than 91% of companies evaluated by MarketBeat, and ranked 47th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

IAMGOLD has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

IAMGOLD has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 39.29%

Earnings Growth

Earnings for IAMGOLD are expected to grow by 39.29% in the coming year, from $0.56 to $0.78 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of IAMGOLD is 4.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of IAMGOLD is 4.36, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 119.68.

Price to Book Value per Share Ratio

IAMGOLD has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.95% of the float of IAMGOLD has been sold short.

Short Interest Ratio / Days to Cover

IAMGOLD has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IAMGOLD has recently decreased by 40.18%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

IAMGOLD does not currently pay a dividend.

Dividend Growth

IAMGOLD does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of IAMGOLD is 19.53%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, IAMGOLD will have a dividend payout ratio of 32.05% next year. This indicates that IAMGOLD will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.95% of the float of IAMGOLD has been sold short.

Short Interest Ratio / Days to Cover

IAMGOLD has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in IAMGOLD has recently decreased by 40.18%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.16

News Sentiment

IAMGOLD has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for IAMGOLD this week, compared to 5 articles on an average week.

Search Interest

31 people have searched for IAG on MarketBeat in the last 30 days. This is an increase of 94% compared to the previous 30 days.

MarketBeat Follows

13 people have added IAMGOLD to their MarketBeat watchlist in the last 30 days. This is an increase of 30% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, IAMGOLD insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.17% of the stock of IAMGOLD is held by insiders.

Percentage Held by Institutions

47.08% of the stock of IAMGOLD is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IAG Stock Analysis - Frequently Asked Questions

How have IAG shares performed this year?

IAMGOLD's stock was trading at $2.53 at the beginning of 2024. Since then, IAG stock has increased by 120.4% and is now trading at $5.5750.
View the best growth stocks for 2024 here.

How were IAMGOLD's earnings last quarter?

IAMGOLD Co. (NYSE:IAG) announced its earnings results on Thursday, August, 8th. The mining company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.08. The mining company earned $385.30 million during the quarter. IAMGOLD had a net margin of 49.56% and a trailing twelve-month return on equity of 10.01%.

Who are IAMGOLD's major shareholders?

IAMGOLD's top institutional investors include Van ECK Associates Corp (9.29%), Donald Smith & CO. Inc. (5.45%), Two Sigma Advisers LP (1.77%) and FMR LLC (1.54%).
View institutional ownership trends.

How do I buy shares of IAMGOLD?

Shares of IAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of IAMGOLD own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IAMGOLD investors own include IAMGOLD (IMG), Mega Uranium (MGA), UnitedHealth Group (UNH), Gilead Sciences (GILD), Johnson & Johnson (JNJ), NVIDIA (NVDA) and Corning (GLW).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: N/A
• Current Symbol: NYSE:IAG
• CUSIP: N/A
• CIK: 1203464
• Web: www.iamgold.com
• Phone: (416) 360-4710
• Fax: 416-360-4750
• Employees: 4,341
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.68
• High Stock Price Target: $10.50
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +19.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.28
• Trailing P/E Ratio: 4.36
• Forward P/E Ratio: 9.96
• P/E Growth: N/A
• Net Income: $94.30 million
• Net Margins: 49.56%
• Pretax Margin: 57.87%
• Return on Equity: 10.01%
• Return on Assets: 5.37%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 0.89
• Quick Ratio: 0.61

Sales & Book Value

• Annual Sales: $987.10 million
• Price / Sales: 3.23
• Cash Flow: $0.62 per share
• Price / Cash Flow: 8.93
• Book Value: $4.70 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 571,090,000
• Free Float: 570,120,000
• Market Cap: $3.18 billion
• Optionable: Optionable
• Beta: 1.57