Related posts

Weekly 52-Week Low (or 52-Week High): BB-T, AEM-T, DOO-T, TSU-T and More 52-Week Highs and Lows (Jan 29-Feb 04)Weekly 52-Week Low (or 52-Week High): BB-T, AEM-T, DOO-T, TSU-T and More 52-Week Highs and Lows (Jan 29-Feb 04)Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)
Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

Iamgold Corp (IMG-T) has been receiving mixed reviews from various experts. While there is acknowledgment of good developments from its Quebec mine, concerns about its balance sheet have been highlighted, prompting suggestions for potential tax loss selling among investors. One expert emphasizes the importance of political stability, favoring larger and diversified companies within the gold sector, such as Kinross and Agnico Eagle, rather than IMG. However, another perspective underscores the overall positive trend in the gold sector and suggests that long-term investors may still find value in mid-tier companies like IMG. Overall, the sentiment fluctuates between caution regarding financial stability and optimism about future growth potential in the gold market.

Consensus
Mixed
Valuation
Fair Value
COMMENT

The question was on Iamgold and Teck Resources. IMG has declared some good news from its Quebec mine and Teck has more copper production with gold as an add-on. However both operate in some places that are less politically agreeable. He likes the gold sector but prefers bigger and more diversified companies in more stable countries including the U.S., Canada, Mexico and Chile. Following along this theme he owns both Kinross and Agnico Eagle.

precious metals
SELL

Great rocks. Lousy balance sheet, which needs to be fixed with refinancing and can get ugly for existing shareholders. For most investors, he'd sell and take the tax loss. Then re-buy in 31 days depending on outcome of refinancing. New CEO is an expert in troubled companies.

precious metals
BUY ON WEAKNESS

Don't argue with an uptrend. Pulling back to the trendline. You can see that it was parabolic. Will probably take a pause, but moving in the right direction along with gold. Long-term investors will be fine.

precious metals
COMMENT
Gold.

Whole sector's been a pretty good place to be. If you're looking for real strength as far as opportunity goes, move downstream from the big names to mid-tier names like IMG. Those are the ones that are behaving quite robustly.

Often it works to buy a basket, and then drill down and add one name for some extra alpha.

precious metals
PAST TOP PICK
(A Top Pick Dec 04/19, Down 6%) Problems bringing new mine on. Earnings forecasts going up sharply. Upside potential as measured by analysts is quite high. Trading at 40% discount to book value.
precious metals
DON'T BUY
A takeover rumour? It's always been a high beta to gold name. IMG needs to be consistent; there's always a fire to put out. Yes, he's heard rumours of a Chinese takeover, but just a rumour. He avoids IMG, not liking the high beta.
precious metals
COMMENT
Been sideways, nothing happening. Gold should rally during the coming market pullback.
precious metals
TOP PICK
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)
precious metals
HOLD
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).
precious metals
DON'T BUY
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.
precious metals
COMMENT
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.
precious metals
BUY
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.
precious metals
PAST TOP PICK
(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.
precious metals
TOP PICK

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)

precious metals
TOP PICK

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.)

precious metals
Showing 1 to 15 of 209 entries

Iamgold Corp(IMG-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Iamgold Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Iamgold Corp(IMG-T) Frequently Asked Questions

What is Iamgold Corp stock symbol?

Iamgold Corp is a Canadian stock, trading under the symbol IMG-T on the Toronto Stock Exchange (IMG-CT). It is usually referred to as TSX:IMG or IMG-T

Is Iamgold Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about IMG-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Iamgold Corp.

Is Iamgold Corp a good investment or a top pick?

Iamgold Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Iamgold Corp.

Why is Iamgold Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Iamgold Corp worth watching?

2 stock analysts on Stockchase covered Iamgold Corp In the last year. It is a trending stock that is worth watching.

What is Iamgold Corp stock price?

On 2025-02-11, Iamgold Corp (IMG-T) stock closed at a price of $9.26.