Iamgold Corp

IMG-T

TSE:IMG

4.62
0.08 (1.70%)
Iamgold Corporation is a Toronto-based international gold producer. The company is engaged in the exploration, development, and production of mineral resource properties throughout the world.
More at Wikipedia

Analysis and Opinions about IMG-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 4, 2019
Good upside and balance sheet. He likes the golds. Trades at a good 40% discount to book. One of its mines is in Burkino Faso, a troubled country, so that is the lone caveat. (Analysts’ price target is $6.21)
Iamgold Corp (IMG-T)
December 4, 2019
Good upside and balance sheet. He likes the golds. Trades at a good 40% discount to book. One of its mines is in Burkino Faso, a troubled country, so that is the lone caveat. (Analysts’ price target is $6.21)
Ross Healy
Chairman, Strategic Analysis Corp
Price
$4.880
Owned
Yes
HOLD
HOLD
November 20, 2019
Takeover target? Maybe, but don't buy it for this reason. This is a hold. IMG hasn't executed as well as it should. For context, we are early in the gold wave (moving upward).
Iamgold Corp (IMG-T)
November 20, 2019
Takeover target? Maybe, but don't buy it for this reason. This is a hold. IMG hasn't executed as well as it should. For context, we are early in the gold wave (moving upward).
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.800
Owned
Unknown
DON'T BUY
DON'T BUY
October 16, 2019
He sold them. It has a high-beta to gold, but operational issues were offsetting the opportunity. They are trying to sell assets in West Africa. The could become a take-out target -- possibly by China buyers. A risky reason to keep holding it.
Iamgold Corp (IMG-T)
October 16, 2019
He sold them. It has a high-beta to gold, but operational issues were offsetting the opportunity. They are trying to sell assets in West Africa. The could become a take-out target -- possibly by China buyers. A risky reason to keep holding it.
Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$4.560
Owned
No
COMMENT
COMMENT
September 13, 2019
Why is there no interest in the gold space? The company has done a great job restructuring. They had recently hinted the company was going to up for sale, but no one showed up. The company is cash flow positive at this level. He is into gold because he likes the asset class. He worries that IMG-T is not very good at increasing production. He has exposure in gold, because global interest rates are near or below zero. When the gold market decides to move, it will go quickly. Companies in this space have to prove to investors they are making money.
Iamgold Corp (IMG-T)
September 13, 2019
Why is there no interest in the gold space? The company has done a great job restructuring. They had recently hinted the company was going to up for sale, but no one showed up. The company is cash flow positive at this level. He is into gold because he likes the asset class. He worries that IMG-T is not very good at increasing production. He has exposure in gold, because global interest rates are near or below zero. When the gold market decides to move, it will go quickly. Companies in this space have to prove to investors they are making money.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$4.330
Owned
No
BUY
BUY
March 15, 2019
He is looking at it and he has it as a buy. It has good management. They have been lagging the other producers and this is why he is looking at it. He has a target of $8.50. He has to sell something in his portfolio before he can purchase IMG.
Iamgold Corp (IMG-T)
March 15, 2019
He is looking at it and he has it as a buy. It has good management. They have been lagging the other producers and this is why he is looking at it. He has a target of $8.50. He has to sell something in his portfolio before he can purchase IMG.
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.730
Owned
No
PAST TOP PICK
PAST TOP PICK
October 30, 2018
(A Top Pick Aug 14/18, Down 23%) Downside reflects volatility in the sector. Growth pipeline will do extremely well. Price will go up, so you might as well own now. Comfortable with management. Growth of production continues, costs of production are under control.
Iamgold Corp (IMG-T)
October 30, 2018
(A Top Pick Aug 14/18, Down 23%) Downside reflects volatility in the sector. Growth pipeline will do extremely well. Price will go up, so you might as well own now. Comfortable with management. Growth of production continues, costs of production are under control.
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.620
Owned
Yes
TOP PICK
TOP PICK
August 14, 2018

Well-managed. Undervalued compared to its peers. It has several projects on the go. It has strong leverage going forward. Good management. Money will move in at some point. They boast low production costs, diversified assets in safe geopolitical areas. (Analysts' price target: $9.55)

Iamgold Corp (IMG-T)
August 14, 2018

Well-managed. Undervalued compared to its peers. It has several projects on the go. It has strong leverage going forward. Good management. Money will move in at some point. They boast low production costs, diversified assets in safe geopolitical areas. (Analysts' price target: $9.55)

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$6.000
Owned
No
TOP PICK
TOP PICK
June 15, 2018

Solid technical pick. Has owned for a while. One of the better names since the spring. Nice little trend, but pretty choppy. Have to stick with it. Resistance around $8.10. Only down $0.11, when gold’s down $30, so it’s held up quite well. Excellent producers. A drop to $7.25 would indicate something’s wrong. If it gets through $8, look for $9. (Analysts’ price target is $9.60.)

Iamgold Corp (IMG-T)
June 15, 2018

Solid technical pick. Has owned for a while. One of the better names since the spring. Nice little trend, but pretty choppy. Have to stick with it. Resistance around $8.10. Only down $0.11, when gold’s down $30, so it’s held up quite well. Excellent producers. A drop to $7.25 would indicate something’s wrong. If it gets through $8, look for $9. (Analysts’ price target is $9.60.)

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$7.700
Owned
Yes
COMMENT
COMMENT
June 30, 2017

The whole gold space has been pretty volatile. Around $7.56 is pretty critical. There may be some pretty big swings up and down as it comes back to its trend line. Thinks gold is going to be a pretty good long-term investment, but a much better price over the next few months. This is one of the stronger names, but is susceptible to some big swings.

Iamgold Corp (IMG-T)
June 30, 2017

The whole gold space has been pretty volatile. Around $7.56 is pretty critical. There may be some pretty big swings up and down as it comes back to its trend line. Thinks gold is going to be a pretty good long-term investment, but a much better price over the next few months. This is one of the stronger names, but is susceptible to some big swings.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$6.690
Owned
No
DON'T BUY
DON'T BUY
April 3, 2017

This has been on his triple A list for a number of years, but he has never quite bought it. This is not the time of year he buys stocks. This one is interesting because there is so much news.

Iamgold Corp (IMG-T)
April 3, 2017

This has been on his triple A list for a number of years, but he has never quite bought it. This is not the time of year he buys stocks. This one is interesting because there is so much news.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$5.560
Owned
No
WATCH
WATCH
December 22, 2016

He never averages up, only down. Gold has been hit because of the US dollar and interest rates going up. China is limiting the amount of gold that can go into the country and India is eliminating some of their currency. You have these strong currents against it. Trump is positive for gold because you never know what he is going to say or do. Gold is an interesting play at the right price point.

Iamgold Corp (IMG-T)
December 22, 2016

He never averages up, only down. Gold has been hit because of the US dollar and interest rates going up. China is limiting the amount of gold that can go into the country and India is eliminating some of their currency. You have these strong currents against it. Trump is positive for gold because you never know what he is going to say or do. Gold is an interesting play at the right price point.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$4.390
Owned
No
SELL
SELL
September 27, 2016

Gold had a pretty good year, but there has been some weakness in recent months, and this company has been a part of that. A much more conservative way to play gold is just to buy gold bullion. That way, you are not taking on balance sheet risk or management risk.

Iamgold Corp (IMG-T)
September 27, 2016

Gold had a pretty good year, but there has been some weakness in recent months, and this company has been a part of that. A much more conservative way to play gold is just to buy gold bullion. That way, you are not taking on balance sheet risk or management risk.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$5.420
Owned
No
SELL
SELL
July 26, 2016

(Market Call Minute.)

Iamgold Corp (IMG-T)
July 26, 2016

(Market Call Minute.)

Jon Case
Portfolio Manager, Sentry Investments
Price
$6.110
Owned
Unknown
WATCH
WATCH
July 12, 2016

(Market Call Minute.) Interesting. It might be a Buy. It is always a laggard on gold. When golds are positive, it lags. Look at it in the fall. If it has not moved and the other golds have moved, it would then be a Buy.

Iamgold Corp (IMG-T)
July 12, 2016

(Market Call Minute.) Interesting. It might be a Buy. It is always a laggard on gold. When golds are positive, it lags. Look at it in the fall. If it has not moved and the other golds have moved, it would then be a Buy.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$6.100
Owned
Unknown
COMMENT
COMMENT
April 20, 2016

Doesn’t own a lot of gold companies because most of them are really bad businesses. They rarely earn their cost of capital through the cycle, and tend to be levered bets on gold. However, there are some exceptions. Owns a small amount of Franco Nevada (FNV-T) which is a very good model. They don’t take the same risks of cost inflation that actual producers do. Sentiment on gold has really turned and at the point where a lot of stocks are baking a lot more of this in.

Iamgold Corp (IMG-T)
April 20, 2016

Doesn’t own a lot of gold companies because most of them are really bad businesses. They rarely earn their cost of capital through the cycle, and tend to be levered bets on gold. However, there are some exceptions. Owns a small amount of Franco Nevada (FNV-T) which is a very good model. They don’t take the same risks of cost inflation that actual producers do. Sentiment on gold has really turned and at the point where a lot of stocks are baking a lot more of this in.

Stephen Groff
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$3.720
Owned
No
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