Iamgold Corp

IMG-T

TSE:IMG

3.98
0.03 (0.76%)
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.
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Analysis and Opinions about IMG-T

Signal
Opinion
Expert
Chart
PAST TOP PICK
PAST TOP PICK
June 17, 2014

(A Top Pick June 10/13. Down 19.99%.) He still likes. Has a strong balance sheet. Stock is cheap. Has tremendous leverage on the price of bullion. Still believes, given the financial situation of Japan, US and a lot of Europe, that gold will have its day big time. Portfolios should have 10% of their holdings in gold.

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Iamgold Corp (IMG-T)
June 17, 2014

(A Top Pick June 10/13. Down 19.99%.) He still likes. Has a strong balance sheet. Stock is cheap. Has tremendous leverage on the price of bullion. Still believes, given the financial situation of Japan, US and a lot of Europe, that gold will have its day big time. Portfolios should have 10% of their holdings in gold.

Ross Healy
Price
$4.220
Owned
Yes
DON'T BUY
DON'T BUY
June 11, 2014

Has a lot of leverage, because it has been relatively high cost. You really would want the high cost ones if you think gold is going to $5000. He is looking for companies with low cost.

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Iamgold Corp (IMG-T)
June 11, 2014

Has a lot of leverage, because it has been relatively high cost. You really would want the high cost ones if you think gold is going to $5000. He is looking for companies with low cost.

COMMENT
COMMENT
May 30, 2014

An intermediate gold producer with about 1 million ounces a year. Costs are at the high-end of the spectrum from $900-$950 an ounce. On a cash cost basis you are probably at $1100 an ounce. Not a whole lot of margin at current gold prices. Q1 results were okay, but we are seeing grades drop off at Rosebel, one of their main mines at Surinam. This is one of their core assets. Assets are somewhat mature, so as time goes on, it will get harder and harder to process and extract the gold rock, which will jack up costs over time. He is on the sidelines right now and thinks the fundamental value is around $4.

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Iamgold Corp (IMG-T)
May 30, 2014

An intermediate gold producer with about 1 million ounces a year. Costs are at the high-end of the spectrum from $900-$950 an ounce. On a cash cost basis you are probably at $1100 an ounce. Not a whole lot of margin at current gold prices. Q1 results were okay, but we are seeing grades drop off at Rosebel, one of their main mines at Surinam. This is one of their core assets. Assets are somewhat mature, so as time goes on, it will get harder and harder to process and extract the gold rock, which will jack up costs over time. He is on the sidelines right now and thinks the fundamental value is around $4.

Jon Case
Price
$3.290
Owned
No
DON'T BUY
DON'T BUY
April 10, 2014

They have to work out some issues. Not a go-to name for him. Could rally if gold price went up, but not their first name he would buy.

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Iamgold Corp (IMG-T)
April 10, 2014

They have to work out some issues. Not a go-to name for him. Could rally if gold price went up, but not their first name he would buy.

Philippe Capelle
Price
$3.940
Owned
Unknown
COMMENT
COMMENT
April 3, 2014

He would not be buying this for capital appreciation on the rebound because their cost of production is much higher than the current price of gold.

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Iamgold Corp (IMG-T)
April 3, 2014

He would not be buying this for capital appreciation on the rebound because their cost of production is much higher than the current price of gold.

COMMENT
COMMENT
March 25, 2014

Just got downgraded by Moody’s. Have a pretty strong balance sheet, but has been deteriorating with lower gold prices and high cash costs that they have been running with. He has increased his holdings at times where there have been weaknesses. In a higher gold price environment, this company will actually start to make money and there will be a big re-rating on the stock. If you don’t believe gold prices are going up, you don’t need to be here.

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Iamgold Corp (IMG-T)
March 25, 2014

Just got downgraded by Moody’s. Have a pretty strong balance sheet, but has been deteriorating with lower gold prices and high cash costs that they have been running with. He has increased his holdings at times where there have been weaknesses. In a higher gold price environment, this company will actually start to make money and there will be a big re-rating on the stock. If you don’t believe gold prices are going up, you don’t need to be here.

DON'T BUY
DON'T BUY
March 3, 2014

(Market Call Minute) Had some disappointments that are now an overhang on the stock.

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Iamgold Corp (IMG-T)
March 3, 2014

(Market Call Minute) Had some disappointments that are now an overhang on the stock.

John Stephenson
Price
$4.250
Owned
Unknown
COMMENT
COMMENT
January 27, 2014

(Market Call Minute) Hopes it competes to buy ROX gold.

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Iamgold Corp (IMG-T)
January 27, 2014

(Market Call Minute) Hopes it competes to buy ROX gold.

BUY
BUY
December 11, 2013

Have some higher operating costs and they have to try and bring those down and have been working on this. Nice big dividend yield of about 5%, but there is a risk it could be cut. Reasonably strong balance sheet so they don’t have to do a cut immediately. With a much higher gold price, he could see this potentially going back to $20.

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Iamgold Corp (IMG-T)
December 11, 2013

Have some higher operating costs and they have to try and bring those down and have been working on this. Nice big dividend yield of about 5%, but there is a risk it could be cut. Reasonably strong balance sheet so they don’t have to do a cut immediately. With a much higher gold price, he could see this potentially going back to $20.

SELL
SELL
November 8, 2013

(Market Call Minute.) This would be a short-term Sell but a longer-term Hold. Was looking interesting and then they came out this week with earnings. Westwood, their Québec mine, which is 40% of their NAV, is going to be delayed a year.

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Iamgold Corp (IMG-T)
November 8, 2013

(Market Call Minute.) This would be a short-term Sell but a longer-term Hold. Was looking interesting and then they came out this week with earnings. Westwood, their Québec mine, which is 40% of their NAV, is going to be delayed a year.

Bruce Campbell (1)
Price
$4.830
Owned
Unknown
DON'T BUY
DON'T BUY
October 15, 2013

He is not a gold bug. Thinks this would be bottom fishing. He is not buying any gold except as part of a general index.

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Iamgold Corp (IMG-T)
October 15, 2013

He is not a gold bug. Thinks this would be bottom fishing. He is not buying any gold except as part of a general index.

John Hood
Price
$4.750
Owned
No
HOLD
HOLD
October 11, 2013

(Market Call Minute.) He is not buying any golds right now. If he got more bullish on golds, this would be a Buy.

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Iamgold Corp (IMG-T)
October 11, 2013

(Market Call Minute.) He is not buying any golds right now. If he got more bullish on golds, this would be a Buy.

John Zechner
Price
$4.530
Owned
Unknown
COMMENT
COMMENT
September 27, 2013

His company has an outperform and $10 target on this stock. As the price of gold comes back, this company will start to come around with all of them. Have a pretty good inventory of companies. 5.24% yield.

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Iamgold Corp (IMG-T)
September 27, 2013

His company has an outperform and $10 target on this stock. As the price of gold comes back, this company will start to come around with all of them. Have a pretty good inventory of companies. 5.24% yield.

TOP PICK
TOP PICK
September 25, 2013

Trading at about a 50% discount to its Book Value. Has a lot of cash on its balance sheet. About half of the price of the stock is in cash. Has a very nice leverage on the price of gold, so when the price of gold goes up, this one tends to go up much faster. You also get a yield of 5.06%.

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Iamgold Corp (IMG-T)
September 25, 2013

Trading at about a 50% discount to its Book Value. Has a lot of cash on its balance sheet. About half of the price of the stock is in cash. Has a very nice leverage on the price of gold, so when the price of gold goes up, this one tends to go up much faster. You also get a yield of 5.06%.

Ross Healy
Price
$5.070
Owned
Yes
TOP PICK
TOP PICK
September 17, 2013

Well diversified. Pays almost 5% dividend. One of the highest in the space. Solid balance sheet. Did the right thing over the last year. Renegotiated power contracts they had this year. Cost reduction program over the last couple of years. It is trading at the 2008 level.

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Iamgold Corp (IMG-T)
September 17, 2013

Well diversified. Pays almost 5% dividend. One of the highest in the space. Solid balance sheet. Did the right thing over the last year. Renegotiated power contracts they had this year. Cost reduction program over the last couple of years. It is trading at the 2008 level.

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