Stock Rating Upgrade
During the last several trading days the Value Trend Rating for IAMGold Corp (NYSE: IAG) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
IAMGold Corp (NYSE: IAG) stock declined by -2.6% on 3/18/24. The shares closed at $3.00. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months but has declined -4.5% during the last week.
Current PriceTarget Research Rating
IAG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
IAMGold has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. IAMGold has a neutral Power Rating of 53 but a good Appreciation Score of 74, triggering the Positive Value Trend Rating.
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