On 8/9/24, IAMGold Corp (NYSE: IAG) stock enjoyed a major increase of 16.3%, closing at $4.28. Moreover, this advance was accompanied by unusually high trading volume at 161% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.9% 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 complementary signals. IAMGold has a slightly positive Appreciation Score of 66 and a very high Power Rating of 99, triggering 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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