Alert: Positive Investment/Fundamental Signals (10/16/24)-IAMGold Corp (NYSE: IAG)

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IAMGold Corp (NYSE: IAG). Significant positive changes in fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Significant positive changes in investment behavior have recently occurred for IAMGold Corp (NYSE: IAG): positive upside/downside volume developed.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. IAMGold has a slightly positive Appreciation Score of 65 and a very high Power Rating of 100, resulting in the Highest Value Trend Rating.

Recent Price Action

IAMGold Corp (NYSE: IAG) stock closed at $5.08 on 10/16/24 after a large increase of 3.3%. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.9% during the last week.

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