Iamgold Corp
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Which Gold Stocks Do Analysts Love and Hate?
Gold price’s reversal this year has created opportunities in gold stocks. The SPDR Gold Shares ETF (GLD) had gained 11% year-to-date as of Friday.
Will Gold Miners Soar in the Second Half as Gold Rises?
Gold prices have seen a reversal in the last month or so. The SPDR Gold Shares ETF (GLD) gained 8.0% in June alone.
Why Wall Street Loves These Five Gold Stocks
Among miners, Eldorado Gold (EGO), New Gold (NGD), IAMGOLD (IAG), and Barrick Gold (GOLD) have seen the highest gains of 50.6%, 44.4%, 40.3%, and 36.4%, respectively.
What Could Help Kinross Gold Outperform Peers in 2019?
Kinross Gold stock has fallen 3.1% this year as of May 28.
Could IAMGOLD Be Next as a Consolidation Wave Hits the Gold Space?
The report from Bloomberg about the potential sale of all or parts of IAMGOLD’s business comes as the gold sector is going through a wave of consolidation.
IAMGOLD Stock Soars as It Reportedly Seeks a Potential Sale
On May 16, Bloomberg reported that IAMGOLD (IAG) could be exploring the possible sale of all or parts of its business.
Investors Spooked by IAMGOLD’s Probable Guidance Review in Q2
IAMGOLD’s (IAG) gold production for Q1 came in at 185,000 ounces, a decline of ~19% from Q1 2018.
Why IAMGOLD Stock Has Plunged Over 12% Today
IAMGOLD (IAG) released its Q1 2019 results yesterday after markets closed.
Gold: Analysts Are Bullish despite Weak Performance in 2019
Gold prices have fallen 3% YTD (year-to-date) as of April 26. Gold prices fell ~1.9% in 2018 and significantly underperformed broader markets.
Yamana Gold: What to Expect from Its Q1 Results
Yamana Gold is scheduled to release its first-quarter results on May 1 after the market closes. The company will hold a conference call on May 2.
Newmont Mining Beats Q1 Earnings Estimates
Newmont’s gold production rose by 2% YoY to 1.23 million ounces.
Analysts Love These Gold Stocks
In the senior and intermediate gold miner space (GDX) (GDXJ), excluding royalty and streaming companies, analysts are most bullish on Agnico Eagle Mines (AEM), with ~78.0% recommending “buy” and 22.0% recommending “hold.”
Checking In on Gold Miners Ahead of Their Q1 2019 Results
Gold prices have fallen 3.6% this year after falling ~1.9% in 2018, significantly underperforming broader markets.
What Will Investors Look Forward to on Newmont’s Earnings Call?
Analysts expect Newmont to report revenues of $1.83 billion for the first quarter. This estimate implies growth of 0.5% year-over-year.
Will Yamana’s Chapada Mine Sale Improve Its Shareholder Returns?
Yamana Gold (AUY) announced today that it has agreed to sell its Chapada mine to Lundin Gold (LUNMF) for $1 billion.
Why Is Deutsche Bank Bullish on Gold?
Gold prices (GLD) have risen 0.5% YTD (year-to-date) until April 12—compared to the gain of 16.1% in the S&P 500 Index (SPY).
Wall Street Ratings: Gauging Gold Miners’ Upside Potentials
Among senior and intermediate gold miners (GDX) (GDXJ), analysts are most bullish on Agnico Eagle Mines (AEM).
EGO Skyrocketed in Q1—Could This Outperformance Continue?
Eldorado Gold (EGO) significantly outperformed its peers (JNUG) (GDXJ) as well as gold (GLD) in the first quarter with a gain of 60.8%.
How Gold and Gold Miners Performed in Q1
Gold prices (GLD) gained just 0.6% in the first quarter compared to the gain of 13% in the S&P 500 Index (SPY).
Can IAMGOLD Hold On to Positive Wall Street Sentiment in 2019?
IAMGOLD (IAG) comes third, after Wheaton Precious Metals (WPM) and Agnico Eagle Mines (AEM), as far as the most “buy” ratings for gold stocks are concerned.
Yamana Gold: What’s in the Cards for Q4 2018 Results?
Yamana Gold (AUY) stock has outperformed its peers (GDX) year-to-date.
Which Gold Stocks Do Analysts Love ahead of Their Q4 Results?
Let’s look at Wall Street analysts’ recent ratings and recommendations for gold miners ahead of their fourth-quarter earnings results.
Will These Intermediate Gold Equities See a Valuation Upside?
Among intermediate gold miners, Agnico Eagle Mines has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 12.0x.
Which Gold Stocks Are Looking Attractive in 2019?
In 2018, as gold prices (GLD) fell 1.9%, the VanEck Vectors Gold Miners ETF (GDX) multiplied that loss by falling 9.3%.
Why Analysts’ Sentiments Are Turning Positive on IAMGOLD
Analysts’ sentiments toward IAMGOLD (IAG) have been changing for the better in the past few months.
Why IAMGOLD Has Climbed the Ranks among Analysts
Currently, IAMGOLD (IAG) has the third-highest number of “buy” recommendations among analysts at 75%.
The Gold Equities Credit Suisse Favors in 2019
Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,275 per ounce in 2019 and $1,300 in 2020.
John Paulson Remains Bullish as Ever on Gold
Based on 13F filings, despite weaker gold prices, hedge funds maintained their investments in gold in the third quarter.
Some Bright Spots in Other Dull Intermediate Gold Miner Stocks
Among intermediate gold miners, Agnico Eagle Mines (AEM) has the highest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 10.6x.
The Market Has Restored IAG’s Discount—Is a Turnaround Possible?
Historically, IAMGOLD (IAG) has traded at a lower valuation than its peers.
Why Execution on Growth Projects Will Be Key for IAMGOLD Stock
CEO Steve Letwin stated during IAMGOLD’s third-quarter earnings call that it’s focused on becoming a low-cost producer.
What Would It Take to Restore Investors’ Confidence in IAMGOLD?
IAMGOLD (IAG) reported its third-quarter earnings results after the market closed on November 6.
Can Yamana Gold Narrow the Valuation Gap More?
Yamana Gold is trading at a forward EV-to-EBITDA multiple of 5.3x. Yamana Gold is trading at a 17% discount to its last five-year average multiple.
Outlook: IAMGOLD’s Stock Momentum after Its Q3 2018 Results
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year.
Could New Gold’s Q3 2018 Results Decide Its Future?
New Gold plans to announce its third-quarter results after the market closes on October 24, followed by a conference call to discuss the results on October 25.
Which Gold Stocks Do Analysts Favor ahead of Q3 2018 Earnings?
In the senior and intermediate gold miner space (GDX)(GDXJ), analysts are the most bullish on IAMGOLD (IAG), with 75.0% of analysts assigning it a “buy.”
Which Gold Miners Look Promising as Gold Rebounds?
While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
Why New Gold Bulls Have Gone Extinct
As of September 24, New Gold (NGD) has fallen 75%, significantly underperforming its peers.
Gold Stocks Look Cheap Compared to the S&P 500—What’s Next?
On August 15, the VanEck Vectors Gold Miners ETF (GDX) has lost 20.0% of its value YTD, almost double the losses seen by the SPDR Gold Shares ETF (GLD).
A Look at Ray Dalio’s and John Paulson’s Gold Bets
Like positions in the SPDR Gold Shares ETF (GLD), institutional holdings in the VanEck Vectors Gold Miners ETF (GDX) fell sequentially during the second quarter.
Can Iamgold Catch Up on Valuations after Q2 2018?
IAG stock is currently trading at a forward EV-to-EBITDA multiple of 4.8x, a discount of 27% to its peers.
Iamgold’s Westwood Mine: On Track for Full Ramp-Up by 2020
Westwood’s all-in sustaining costs for the second quarter were $1,129 per ounce, which was 13% higher YoY.
What Could Improve Costs at Iamgold’s Essakane Mine?
After record production of 109,000 ounces in Q1 2018, Iamgold’s (IAG) Essakane mine reported weaker production in Q2 2018.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better?
Iamgold (IAG) reported its Q2 2018 results after the market closed on August 8. Its EPS was $0.03, beating the consensus estimate.
Outlook: IAMGOLD’s Stock Momentum after Q2 2018 Results
IAG is guiding for gold production of 850,000–900,000 ounces for 2018.
Analysts Have a Mixed View of Gold Miners ahead of Q2 Earnings
Among the senior and intermediate miners, Eldorado Gold (EGO) and New Gold (NGD) have the fewest “buy” ratings at 15% each.
Can We Establish a Relationship between Gold and the SPX Index?
The correlation between gold and the S&P 500 (SPX) is 0.18 on a year-to-date basis.
Why Eldorado Gold Became the Least Impressive Gold Stock
Eldorado Gold (EGO) is one of the few gold stocks that have seen rapidly deteriorating sentiments from analysts in the last year.
Why IAMGOLD Has Climbed the Ranks among Analysts
Currently, IAMGOLD (IAG) is just behind Wheaton Precious Metals in terms of “buy” ratings.
Are Miners Closely Tracking Gold and Silver?
In this part of the series, we’ll look at miners’ RSI (relative strength index) scores and implied volatilities.
How Economic Numbers and the US Dollar Downplayed Precious Metals
Before the Fed’s minutes were released on May 23, gold was trading lower due to the increased pressure from the surging US dollar.
Eldorado Gold Stock Skyrocketed on May 22
On May 22, there was a sense of relief for Eldorado Gold stock. Eldorado Gold stock skyrocketed and closed 16.8% higher yesterday.
US Dollar at a 5-Month High, Gold at 5-Month Low
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar.
Is a Rebound in the Cards for Gold?
After the massive slump in gold prices as US Treasury yields rose, the trading range for gold seems to have corrected lower.
The Slump in Precious Metals and Their Technicals
On May 15, gold dropped about 2.1% and closed at $1,288.90 per ounce.
Assessing Miners’ Relative Strength Index Scores
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices.
Reading the Gold-Palladium Ratio
Whereas palladium has been the strongest among the four precious metals over the last month, it has fallen 7.2% year-to-date, possibly due lower car demand in China.
The Most Crucial Determinant of Gold Prices
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10.
How Are Miners’ Technicals Moving?
The four precious metals have revived compared to their previous losses over the past five trading days.
How Mining Stocks Are Reacting to Movement in Precious Metals
New Gold (NGD), Agnico Eagle Mines (AEM), Wheaton Precious Metals (SLW), and IAMGOLD (IAG) have fallen 25.8%, 7.4%, 3.7%, and 2.4%, respectively, year-to-date.
How IAMGOLD Can Reduce Its Valuation Discount after 1Q18
IAG stock is currently trading at a forward EV-to-EBITDA multiple of 5.2x, which implies a 13.2% premium to its average multiple from the last five years.
IAG’s Westwood Is on Track to See Significant Improvement
Westwood’s all-in sustaining costs (or AISC) decreased 10.0% year-over-year to $873.00 per ounce in 1Q18.
Essakane Achieved Record Production, Mine Economics to Improve
IAG is guiding for Essakane to produce 380,000–395,000 ounces of gold in 2018.
Basic Materials Reading the Mining Stocks’ Technicals on May 2
ABX, HL, EGO, and IAG have implied volatilities of 26.3%, 43.5%, 60.4%, and 40.1%, respectively.
Can Yamana Gold Narrow Its Valuation Gap Versus Peers?
Yamana Gold’s (AUY) valuation multiple has varied widely between 4.3x and 9.8x over the last five years.
Are Miners Moving in Accordance with Precious Metals?
In this article, we’ll look at the primary technical readings of a select group of miners.
Is Palladium Losing Strength against Gold?
Palladium has been the weakest among the four precious metals on a YTD (year-to-date) basis.
Treasury Yields Hit 3% and Gold Fell: Coincidence?
In addition to the US dollar playing on precious metals, US interest rates and the decisions by the Federal Reserve have also historically had a substantial impact on these safe havens.
Important Updates to Come from IAMGOLD’s 1Q18 Earnings
IAMGOLD (IAG) was the best-performing gold stock of 2017, returning 51.4% for the year. It significantly outperformed the VanEck Vectors Gold Miners ETF (GDX) as well as the SPDR Gold Shares (GLD).
Why Haven’t Miners Kept Up as Gold Remains Buoyant?
Gold prices rose ~3% year-to-date (or YTD) after rising ~13% in 2017. But what about the miners?
How Precious Metals and Miners Moving in April?
Precious metals had another up day as gold futures for April expiration rose 0.48% on Friday, April 13, closing at $1,344.80 per ounce.
Increased Volatility and Gold Investors
While gold miners have been out of favor for a long time, that might be about to change. Since the uncertainty in the market is increasing, gold prices are poised to rise.
US Inflation Rises: How Will It Impact Gold Prices?
According to the US Bureau of Labor Statistics, the US consumer price index (or CPI) rose 2.4% year-over-year (or YoY) in March 2018.
How the Dollar’s Movement Is Impacting Precious Metals
A crucial factor that continues to affect gold is the US dollar.
Is an Uptick in Inflation on the Way, Supporting Gold?
The most recent data for the US Consumer Price Index (or CPI) was weaker than expected.
What Could Support Gold Prices in 2018
So far in this series, we’ve looked at various factors impacting gold’s outlook in 2018. The most recent factor supporting gold prices is the fear of a full-blown trade war.
Fed Rate Hike and Outlook Priced into Gold Prices: More Upside?
In its first meeting under new Chief Jerome Powell, the US Federal Reserve increased interest rates by a quarter of a point.
How Mining Stocks Move in Relation to Precious Metals
In general, most mining companies rose on Friday, March 23, following gold and silver.
Is the Analyst Sentiment for Hecla Mining Improving?
Out of all the silver miners (SIL) under discussion in this series, Hecla Mining (HL) has among the fewest “buy” ratings.
How Miners’ Volatility Is Trending
Miners had a good start to 2018 with an upswing in prices due to the revival of precious metals.
How US Dollar and Equities Are Affecting Gold
Besides interest rate hikes, some other crucial factors affecting gold are the fluctuations in the US dollar and equity movements.
Analyzing the Volatility in Precious Metals Mining Companies
With more interest rate hikes likely to come in 2018, analysts expect precious metals and miners to underperform.
How Trade War Fears Could Move Precious Metals
All four precious metals saw a down day on Monday, March 5. Gold, silver, platinum, and palladium were down 0.23%, 0.33%, 0.31%, and 0.81%, respectively.
Mining Stocks’ 2018 Technical Readings
Precious metal miners had a reasonably good start to 2018. Overall, on a YTD (year-to-date) basis, precious metals’ reactions have been mixed.
Can Yamana Gold Maintain Its Price Strength in 2018?
Although Yamana Gold (AUY) stock fell in the first three quarters of 2017, it turned around and rose 28% in the last three months.
Factors that Led to a Decline in Miners on February 27
Gold Fields, Barrick Gold, Hecla Mining, and IAMGOLD are trading below their 20-day and 100-day moving averages.
How Strict Is the Gold-Regulated Market?
Bitcoin (ARKW) has seen its price plunge since the start of 2018 due to news that world leaders are planning to implement regulations on digital currencies.
How Liquid Is the Gold Market?
Bitcoin’s extremely volatile nature makes it difficult for it to serve as a store of value asset.
Growth Catalysts for IAMGOLD in 2018 and Beyond
IAMGOLD (IAG) has many organic growth opportunities. It’s pursuing expansion opportunities at existing deposits and expects initial resource estimates at Monster Lake, Nelligan, and Eastern Borosi.
Why IAG’s Westwood Is on Track for Full Production by 2020
IAMGOLD’s (IAG) Westwood project had a pivotal year in 2017, as it resumed operating at the normal production level in 2Q17.
Understanding IAMGOLD’s 86% Increase in Reserves in 2017
IAMGOLD’s (IAG) reserves increased 86% year-over-year (or YoY) in 2017 to 14.5 million ounces.
IAMGOLD’s 4Q17 Earnings: The Major Highlights
IAMGOLD (IAG) generated revenues of $1.10 billion in 2017, which is growth of 11% year-over-year (or YoY).
Can IAMGOLD Keep Up Its Stock Performance after 4Q17 Earnings?
IAMGOLD (IAG) reported its 4Q17 and 2017 results after the market closed on February 21.
How Interest Rate Fluctuations Could Affect Gold
Much of the attention in precious metal movements is based on fluctuations in the US interest rate.
Reading Mining Stocks’ Technicals in 2018
Miners had a good start to 2018. They saw higher prices due to precious metals’ revival. As precious metals fell, so did the mining stocks.
Why Intermediate Gold Miners Have Underperformed Gold
Intermediate gold miners Compared with senior gold miners, intermediate gold miners are smaller in terms of production and market capitalization. However, they are all generally liquid, unlike their junior counterparts (GDXJ). Intermediate miners’ geographical diversification is usually lower than that of senior gold miners. Underperforming gold As a group, these miners have underperformed gold and the VanEck […]
What Caused the Slump in Precious Metals and Miners?
Gold prices had a third straight day of decline on Thursday, February 7, 2018. Gold spot prices fell 0.4% to trade at $1,312.40 per ounce.
Will Gold’s Inflation Hedge See It through 2018?
The Fed has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
These Factors Will Shape Gold’s Outlook in 2018
While a weaker US dollar supported gold prices in January 2018, the picture could change going forward.
Will Gold Follow Equities?
The optimistic economic numbers not only led to a slump in the equities on Friday and Monday, but they also helped gold recover from the low it touched on Friday.