Alert: Negative Fundamental Signals (1/2/20)-IAMGold Corp (NYSE: IAG)


IAMGold Corp (NYSE: IAG) has recently experienced extremely important negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2020 decreased significantly, and the consensus estimate for December, 2019 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, IAG is expected to continue to be Value Creation neutral.

IAMGold has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. IAMGold has a neutral Appreciation Score of 58 but a very high Power Rating of 92, resulting in the Highest Value Trend Rating.

Recent Price Action

IAMGold Corp (NYSE: IAG) stock was unchanged 0.0% on 1/2/20. The shares closed at $3.73. NORMAL trading volume accompanied the flat performance. The stock has risen 8.4% during the last week and has been exceptionally strong relative to the market over the last nine months.

About John Lafferty 77149 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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