IAMGold Corp (NYSE: IAG) stock closed at $4.30 on 5/10/24 after a major increase of 11.7%. Moreover, exceptionally high trading volume at 245% of normal accompanied the advance. The stock has risen 17.5% 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). 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 64 and a very high Power Rating of 94, leading to the Highest Value Trend Rating.
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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