NYSE:IAG (Canada) Also Trade In: Canada Germany Switzerland UK

Iamgold Corp $ 3.33 0.06 (1.83%)

On watch
Volume:
6,180,777
Avg Vol (1m):
4,378,690
Market Cap $:
1.57 Bil
Enterprise Value $:
1.28 Bil
P/E (TTM):
0.00
P/B:
0.67
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IAG News and Headlines - Iamgold Corp

GuruFocus Articles Total 106
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Firm makes way for new holdings

Donald Smith & Co. (Trades, Portfolio) has released its portfolio for the third quarter. The firm, originally purchased and renamed by the late Donald Smith in 1983, has revealed major reductions in gold and top holdings, including Gold Fields Ltd. (GFI), Air France-KLM (AFLYY), Taylor Morrison Home Corp. (TMHC), Iamgold Corp. (IAG) and Atlas Air Worldwide Holdings Inc. (AAWW).

The firm takes a strict bottom-up approach to investing. It seeks to invest in stocks that are out of favor and are selling at discounts to tangible book value. Ideal companies for the firm are trading at very

211 Views    Graham Griffin    2020-11-06 22:03
Firm's largest sales of the 3rd quarter

Donald Smith & Co. sold shares of the following stocks during the third quarter of fiscal 2020, which ended on Sept. 30.

Gold Fields

The firm reduced its stake in Gold Fields Ltd. (GFI) by 55.62%. The trade had an impact of -4.34% on the portfolio.

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The gold miner has a market cap of $10.68 billion and an enterprise value of $12.18 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 9.32% and return on assets of 3.9% are outperforming 88% of

39 Views    Tiziano Frateschi    2020-11-06 16:53
Coeur Mining Inc, Iamgold Corp and Endeavour Mining Corp are set to take off

Gold price outlook

Year-to-date, the price of gold is up nearly 14%, closing at $1,737.95 per troy ounce on the London bullion market and $1,748.60 per troy ounce on the Comex futures market on May 19.

Thoughout March, higher than normal volatility due to the Covid-19 pandemic served as a catalyst to rising gold prices. Investors may also worry about higher inflation given massive government monetary stimulus and the printing of new currency, prompting them to purchase the precious metal as a safe haven asset. Such an environment makes gold shine brighter than bonds and other fixed-income securities.

In order

193 Views    Alberto Abaterusso    2020-05-20 14:40
Several catalysts will push shares higher

Gold price outlook

Fears about a global economic slowdown related to the negative effects of the new coronavirus outbreak continue to push the gold price higher, breaking through $1,600, as the precious metal is considered a hedge against the risk of higher volatility and uncertainty.

The yellow metal rose 0.47% to close at $1,607.50 on the Comex gold futures market and 0.9% to $1,604.20 on the London bullion market on Wednesday. Year over year, the precious metal has gained nearly 20%.

Sluggish growth worldwide, as well as the threat of continuing trade conflicts, will serve as a catalyst for the

224 Views    Alberto Abaterusso    2020-02-20 17:11
The Canadian mid-tier miner has several catalysts to its share price

The U.S. economy keeps on expanding but not as it should, shedding some doubts on the near-term outlook for gross domestic product growth.

Last week, on Dec 13, we got some negative signs from U.S. retail sales, which is a significant indicator of the U.S. economy as consumer spending represents the largest component of the GDP.

U.S. retail sales increased by 0.2% in November of 2019, which was 20 basis points down from a 0.4% revised growth rate reported in the previous month and below expectations for a 0.5% growth rate.

Year over year, U.S. retail sales marked a 3.3%

92 Views    Alberto Abaterusso    2019-12-17 16:59
Iamgold on the list

The president and co-chief investment officer of Donald Smith & Co., Donald Smith (TradesPortfolio), bought shares of the following stocks in both the second and third quarters of fiscal 2019.

Celestica Inc.

The guru increased the Celestica Inc. (CLS) position by 18.97% in the second quarter and then added 3.28% in the third quarter. The stock has a weight of 1.07% in the portfolio.

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The electronic manufacturing service company has a market cap of $1.02 billion. Its revenue of $6.12 billion has grown at an

129 Views    Tiziano Frateschi    2019-11-18 19:15
Guru invests in Atlas Air Worldwide, CAI International

Donald Smith (Trades, Portfolio), the founder and leader of investment firm Donald Smith & Co., released his third-quarter portfolio last week, listing two new holdings.

Using a deep-value, bottom-up approach, the guru’s New York-based firm typically invests in out-of-favor stocks that are trading at a discount to tangible book value. According to the firm’s website, the portfolio managers look for opportunities among companies that are in the bottom decile of price-tangible book ratios and have a positive earnings outlook over the next two to four years.

Based on these criteria, Smith established positions in Atlas Air Worldwide

225 Views    Sydnee Gatewood    2019-11-05 15:44
Guru discloses 3 new holdings in quarterly portfolio

Investor Donald Smith (Trades, Portfolio), leader of Donald Smith & Co., released his second-quarter portfolio earlier this week, listing three new holdings.

Using a deep-value, bottom-up approach, the guru’s New York-based firm typically invests in out-of-favor stocks that are trading at a discount to tangible book value. According to the firm’s website, the portfolio managers look for opportunities among companies that are in the bottom decile of price-tangible-book ratios and have a positive earnings outlook over the next two to four years.

Based on these criteria, Smith established positions in Great Panther Mining Ltd. (GPL), Americas Silver

120 Views    Sydnee Gatewood    2019-08-15 16:09
Canadian miner lowers full-year production and costs guidance

Iamgold Corp. (IAG) plummeted 5.7% to $3.79 per share in after-hours trading on Wednesday after missing consensus estimates on second-quarter earnings by 2 cents. The Canadian mid-tier gold producer also missed revenue forecasts by $26.44 million.

The miner reported a loss of 3 cents per share on revenue of $246.5 million for the quarter.

Revenue declined 11.1% year over year on the back of a lower gold sales volume of 187,000 ounces, which was down from 215,000 ounces a year ago. The decrease more than offset the 1.2% hike in the average realized price to $1,314 per ounce of gold

73 Views    Alberto Abaterusso    2019-08-08 18:24
Some tips for the next 52 weeks

The conclusion of the first part of 2019 is one week behind, so we can provide a balance sheet of the best and worst performers of the period among the most-known U.S. publicly traded gold mining stocks.

Eldorado Gold (EGO) closed the first six months of 2019 being the best performer. The Canadian mid-tier gold producer increased 101% and outperformed the VanEck Vectors Gold Miners ETF (GDX) by 82.5% over the period. The share price may have been influenced by the 5-to-1 reverse stock split that took place a few days before the end of 2018.

These gold stocks also

106 Views    Alberto Abaterusso    2019-07-07 20:19
Lower sales volumes and gold prices impact revenue, margins and cash flow

After the closing bell on Monday, Iamgold Corp. (IAG) posted first-quarter results. Shares rose 0.34% to $2.92 in after-hours trading.

Revenue of $251 million missed expectations by $27.53 million. The Canadian miner also posted a GAAP loss of 9 cents per share and recorded adjusted earnings of 0 cents per share, lagging consensus estimates of 1 cent.

Hurt by lower sales volumes at each of its three core mines and a 1.7% drop in the realized gold price to $1,308 per ounce, revenue declined 20.2% year over year, costs increased and the operating net cash flow fell 91.7% to $8.8

238 Views    Alberto Abaterusso    2019-05-07 18:14
The company misses consensus on 4th-quarter earnings

Iamgold Corp. (IAG) disclosed fourth-quarter and full-year results for 2018 on Wednesday after the closing bell.

The Canadian mid-tier gold producer closed the final trimester missing consensus on non-GAAP and GAAP earnings, with a non-GAAP loss of 3 cents per share and GAAP loss of 7 cents per share. Forecasters were looking for non-GAAP and GAAP loss of 1 cent.

Revenue was $274.3 million in the final quarter of 2018, a 5.8% decline year-over-year, but the miner managed to beat consensus on revenue by $1.84 million.

Iamgold Corp. also reported figures for the entire year of 2018.

Due to higher

48 Views    Alberto Abaterusso    2019-02-21 17:36
The investment firm increases and decreases shares of 14 mining stocks

During the fourth quarter, Van Eck Associates Corp. moved on the following 14 precious metals producers of which it is the top institutional holder.

This information can give a useful hint to investors, helping them implement appropriate strategies for gold and silver stocks. This is because top institutional holders do comprehensive research on their companies before buying and selling shares or opening and closing a position.

During the fourth quarter, Van Eck Associates Corp. decreased its holding in:

  • SSR Mining Inc. (SSRM) by 1.2% to 17,894,055 shares, or 14.89% of the company, as of Dec. 31.
  • Seabridge Gold Inc.
69 Views    Alberto Abaterusso    2019-02-12 18:00
The investment firm increases shares of Iamgold Corp and decreases shares of Yamana Gold

Knowing how top institutional holders move on gold stocks can give a useful hint to investors, helping them implement appropriate strategies. This is because institutional holders do thorough research on their targets before acquiring, selling, opening a new position or selling out the shares.

Donald Smith & Co., a New York-based investment management firm with a $2.72 billion portfolio of 61 equities as of Dec. 30, focuses on deep value stocks. That is, it invests in out-of-favor companies that are in the lowest decile of price-to-tangible-book-value ratio. These stocks have been found to deliver considerably higher returns than the

26 Views    Alberto Abaterusso    2019-02-11 22:58
This gold stock is not a buy

Iamgold Corp. (IAG) plummeted 10.34% to $3.21 on Wednesday on the New York Stock Exchange after releasing production results for full-year 2018.

Even though the Canadian miner surpassed the midpoint of the production guidance of 850,000 to 900,000 ounces for the year, the output of 882,000 ounces of gold is not an improvement from the prior year.

The chart below illustrates the issue, which, together with an expected drop in the attributable production of gold for 2019, has impinged on the share price.

The chart below illustrates the trend in Iamgold's annual gold production from 2013 to 2018.

179 Views    Alberto Abaterusso    2019-01-17 21:04
Some tips for 2019

2018 is almost over, so we can already draw up the balance sheet for the best and worst performers of the year among the most-known U.S. publicly traded gold mining stocks. (Performance mentioned is for the period from Jan. 2, 2018, to Dec. 21, 2018.)

AngloGold Ashanti Limited (AU) is going to close 2018 being the best performer. The South African gold producer increased 29% and outperformed the VanEck Vectors Gold Miners ETF (GDX) by 43% so far this year.

2018 has been a tough year for investors of gold mining stocks since they have experienced losses between 9% and

212 Views    Alberto Abaterusso    2018-12-24 16:57
The Canadian mid-tier gold producer missed consensus on revenues

IAMGOLD Corp. (IAG) tumbled 8.26% to $3.33 per share on the New York Stock Exchange on Wednesday, following the issuance of third-quarter results for fiscal 2018.

While Iamgold Corp. met expectations on non-GAAP earnings, posting a loss of 1 cent per share, the mining company missed on GAAP earnings by 1 cent. Iamgold Corp. posted a GAAP loss of 2 cents per share.

The third quarter was worse than the third trimester of 2017 when the Canadian mid-tier gold producer reported a net profit of 7 cents per share, both on a GAAP and non-GAAP basis.

Essentially, the loss was

37 Views    Alberto Abaterusso    2018-11-08 17:22
Production from retained activities was flat, but costs improved

AngloGold Ashanti Ltd. (AU) rose 4.61% to $10.43 on the New York Stock Exchange after releasing third-quarter production results on Monday.

The miner said that despite a 14.6% year-over-year decline in gold production to 851,000 ounces, the all-in sustaining cost also decreased 14.1% to $920 per ounce of metal sold. The decline in the AISC reflects cost improvements from operations at the Mponeng mine in South Africa, the Kibali mine in the Democratic Republic of Congo, the Iduapriem mine in Ghana and at the Tropicana mine in Western Australia. During the quarter, the South African company didn’t report any fatalities,

53 Views    Alberto Abaterusso    2018-11-06 19:33
Results define a low-cost producing mineral asset in Senegal

The following news should have a positive impact on the market value of Iamgold Corp. (IAG) in the coming days.

On Monday, the Canadian midtier gold producer announced the feasibility study that its exploration team conducted at the Boto Gold Project in Senegal has shown positive results supporting an economically robust project.

The results from the feasibility study represent a meaningful improvement from the outcome of the prefeasibility study, which was announced in February.

Even though the after-tax internal rate of return is only 23%, Boto Gold is a solid metallic project for several reasons.Â

First, Boto Gold will

13 Views    Alberto Abaterusso    2018-10-23 18:41
The miner has added 1.6 million ounces to the gold accumulation in Suriname

Iamgold Corp. (IAG) has reported that reserves at the Rosebel Gold Mine have grown 51% following the declaration of mineral resources at the satellite deposit of Saramacca in Suriname. The Rosebel Gold Mine is one of the three main producing assets of the Canadian mid-tier gold producer.

The mineral deposit of Rosebel now hosts about 4.7 million ounces of gold in proven and probable reserves. The increase of 51% equals 1.6 million ounces.

These data are very important to investors of Iamgold Corp. because they mean fresh nourishment for the operations of the company. Following the declaration of increased resources,

35 Views    Alberto Abaterusso    2018-09-24 14:50

Headlines Total 93
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Iamgold Soars - GuruFocus.com
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