IAMGold Corp (NYSE: IAG) stock suffered a major decline of -10.7% on 5/22/24. The shares closed at $4.01. Moreover, this decline was accompanied by exceptionally high trading volume at 207% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.7% during the last week.
Current PriceTarget Research Rating
IAG is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
IAMGold has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. IAMGold has a slightly positive Appreciation Score of 62 and a very high Power Rating of 95, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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