IAMGold Corp (NYSE: IAG) stock enjoyed a major increase of 16.8% on 10/18/24. The shares closed at $5.97. Moreover, this advance was accompanied by exceptionally high trading volume at 264% of normal. The stock has risen 23.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. IAMGold has a neutral Appreciation Score of 56 but a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive 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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