Recent meaningful negative changes in fundamentals have impacted IAMGold Corp (NYSE: IAG): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
IAMGold Corp (NYSE: IAG) suffers from notable negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of B. 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 above the cost of capital, IAG is expected to continue to be a modest Value Builder.
IAMGold has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. IAMGold has a slightly positive Appreciation Score of 68 and a slightly positive Power Rating of 68, leading to the Positive Value Trend Rating.
Recent Price Action
On 4/12/24, IAMGold Corp (NYSE: IAG) stock declined by -4.0%, closing at $3.61. Moreover, trading volume in this decline was exceptionally high at 268% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
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