On 6/7/24, IAMGold Corp (NYSE: IAG) stock suffered a major decline of -10.1%, closing at $3.58. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. IAMGold has a good Appreciation Score of 73 and a very high Power Rating of 99, triggering 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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