Latest Iamgold Corp News and Updates
What Could Drive IAMGOLD Corp.’s Valuation Going Forward?
IAG stock could continue to gain traction due to its high operational leverage, at least as long as the upward trend in gold prices continues.
Understanding IAMGOLD’s 2Q17 Earnings Highlights
IAMGOLD’s (IAG) 2Q17 production was 223,000 ounces of gold—growth of 26,000 ounces or 13% year-over-year (or YoY).
Financial Leverage Is Less of a Concern for Coeur Mining’s Investors
Coeur Mining (CDE) repaid $109.3 million of its debt in 3Q16. After this, the company’s interest expenses fell 26% quarter-over-quarter and 35% year-over-year.
Why Miners Have Outshined Precious Metals
Mining stocks are often known to amplify the returns in precious metals. Small losses for metals can bring exponential losses to metal miners, and vice versa.
How Rebounding Equities Are Affecting Precious Metals
Compared to the substantial gains in precious metals on Tuesday, the gains yesterday were muted. How come?
How Indian Demand Could Influence Gold Prices
India and China remain the top two consumers of gold (IAU) and silver (SLV).
Gold Performance Versus Other Investments in 1H17
Factors impacting gold in 1H17 are a weaker US dollar, geopolitical uncertainties, higher interest rates, and expectations for Trump’s agenda.
Are Gold and Volatility Moving Together?
The rise in precious metals over the last few months has been due to insecurity among investors, given the political climate.
Is Gold Still Dependent on the Inflation Numbers?
Janet Yellen, chair of the Federal Reserve, noted that the Fed is planning to change the annual stress tests it gives to US banks. The test results would reveal whether the banks can withstand a massive financial crisis.
Why Is IAMGOLD’s Valuation Discount Slipping?
Lower historical multiple Historically, IAMGOLD (IAG) has traded at a lower valuation as than its peers. But after the transformation it has shown so far in 2017, its discount has fallen. While the average five-year discount to its intermediate peers (GDXJ) is about 35%, its current discount is 20%. Reasons for contraction of discount IAG stock is now trading […]
The Brightest Day for Mining This Week—So Far
Randgold Resources, AngloGold Ashanti, Hecla Mining, and IAMGOLD have risen 30.7%, 17.9%, 13%, and 31.4% YTD, respectively.
US Inflation Softens, Gold Still Has Drivers to the Upside
As per the U.S. Bureau of Labor Statistics, the US Consumer Price Index (or CPI) rose 0.2% in February, compared to a 0.5% rise in January 2018.
How Is the Gold-Silver Ratio Moving in April 2017?
As of April 18, 2017, gold and silver have risen 12% and 14.8%, respectively, year-to-date.
Behind IAMGOLD’s 1Q17 Results
IAG’s 1Q17 adjusted EPS (earnings per share) of $0.01 beat the market’s expectation of -$0.01.
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.
Can AngloGold’s Project Pipeline Provide an Upside to Its Production?
AngloGold Ashanti’s 1Q16 production fell by 7.2% YoY to 861,000 ounces, mainly due to planned reductions at its Obuasi, Tropicana, and Morila mines.
Which Intermediate Gold Stock Do Analysts Favor Now?
Intermediate gold miners’ (RING) (GDXJ) stock performances were better than those of senior gold miners in 1H17.
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.
Why Did Gold Prices and Gold Mining Stock Performances Diverge in 1H17?
Gold miners in 2017 seem to be driven more by company-specific factors than by the direction of gold prices.
The Most Crowded Trades Today: Assessing Gold’s Benefit
The average cash balance is now 4.8%, which is higher than the ten-year average cash level of 4.5%.
How Are Analysts Rating Yamana after Its 3Q16 Results?
About 45% of analysts covering AUY have given it a “buy” recommendation. About 45% of analysts have issued a “hold.” Only 9% have issued a “sell.”
Which Intermediate Gold Miners Look Undervalued at Current Levels?
Intermediate gold miners are smaller than senior gold miners in terms of production and market capitalization, but they’re still generally liquid, unlike their junior counterparts (GDXJ).
How Yamana Gold Can Narrow the Valuation Gap with Peers
Yamana Gold’s (AUY) valuation multiple has varied widely between 5.1x and 15.1x. Yamana Gold is now trading at a forward EV-to-EBITDA multiple of 5.1x.
Where Are Gold Prices Headed Next?
There are many factors that support higher gold prices in the medium- to long-term.
These 10 Gold Stocks Matter Now to the Analysts Still Betting on Gold
Gold prices remain under pressure as the demand for alternative investments, including equity stocks and bitcoin, remain strong in the risk-on environment.
Would You Buy a Silver or Gold Nest?
Often, haven bids for gold outnumber bids for silver. But the recent surge of silver has proved differently.
Analysts on Gold: What’s in Store for the Rest of 2017
It’s always important to watch what analysts are forecasting for gold prices for in short and long terms. This helps investors understand gold’s price outlook.
Why IAMGOLD Has Climbed the Ranks among Analysts
Currently, IAMGOLD (IAG) has the third-highest number of “buy” recommendations among analysts at 75%.
Gold Miners’ Key Valuation Catalysts as 4Q16 Results Draw Near
Valuation for capital-intensive industries The EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple is a good valuation measure for capital-intensive industries. It helps investors compare companies with varying capital structures. Higher multiples The chart above compares gold miners’ EV-to-forward EBITDA multiples and EBITDA margins for 2017. Among North American intermediate gold […]
Watch for These Catalysts in Intermediate Gold Miners’ Q4 Results
Intermediate gold miners are smaller than senior gold miners in terms of production and market capitalization, but they’re still generally liquid, unlike their junior counterparts.
How IAG’s Westwood Mine Development Is Coming Along
IAMGOLD’s (IAG) Westwood reported 106% higher production in 3Q17 on a YoY (year-over-year) basis, coming in at 33,000 ounces.
Barrick Gold on the Street: How Analysts Are Reacting to the Quarterly Miss
Barrick Gold has 46.0% “buy” ratings, 46.0% “hold” ratings, and 8.0% “sell” ratings. Its target price implies an upside of 29.0% based on its current price of $16.90.
Gold Miner Stocks: What’s Driving Long-Term Production Growth?
After years of cutting back on sustained capital expenditures, gold miners have started to refocus on production growth as gold prices (GLD) remain buoyant in 2016.
Which Gold Miners Benefitted Most from the 1H16 Gold Rush?
Gold prices rose 23% in the first half of 2016, making gold one of the best-performing investments so far this year.
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.
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.
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.
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.
Outlook: IAMGOLD’s Stock Momentum after Q2 2018 Results
IAG is guiding for gold production of 850,000–900,000 ounces for 2018.
Precious Metal Miners Worth Considering Based on Valuations
Gold prices have been on a roller coaster ride, given the on and off situation with North Korea. A missile test and gold’s safe-haven appeal have propelled prices higher, and then they’ve fallen back again.
Inside IAMGOLD’s Essakane Mine: What Caused Improved Costs in 1Q17
Essakane produced 93,000 ounces of gold in 1Q17, which represents a YoY rise of 6%, mainly due to a 27% increase in throughput.
Why Is AngloGold so Confident in 2H16 after Its Slow Run Rate in 1H16?
AngloGold’s 2Q16 production was 3% higher QoQ at 884,000 ounces. Its 1H16 production was 47% of the midpoint of its annual production guidance.
Why Are Intermediate Gold Miners so Exuberant?
Intermediate gold miners are smaller than senior gold miners in terms of production and market capitalization, but they are still generally liquid.
Gold Surges on Non-Farm Employment Data: Will Gains Be Sustainable?
In the wake of the stabilizing economy, we have seen a downfall in precious metals that has been especially painful for gold investors.
Horseman Capital reduces its position in Newmont Mining
Newmont Mining is one of the world’s largest gold producers and is the only gold company included in the S&P 500 Index and Fortune 500.
Precious Metals Slow Down: What Technicals Are Pointing To
Palladium has a greater industrial use, so it may closely associate with industrial sentiment rather than the sentiment for precious metals.
Gold Lost Its Sheen as FBI Cleared Clinton in Email Probe
On November 6, 2016, the FBI cleared Hillary Clinton of criminal charges related to the handling of classified information on her private server.
Why Did Miners Rise Despite Loss in Gold?
Although gold fell on Friday, most gold miners saw an up day, following the other precious metals.
Gold Falls to $1,062, Even amid Instability after Paris Attacks
On Wednesday, November 18, 2015, gold fell to $1,062 per ounce, the lowest level in almost six years. Silver, platinum, and palladium fell 0.61%, 0.82%, and 2.6%, respectively that day.
What’s Affecting Precious Metal Miners in April 2017?
As of April 5, 2017, the volatilities of Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold (EGO), and IAMGOLD (IAG) were 45.6%, 41.9%, 50.5%, and 47.8%, respectively.
Why Did Miners Fall on August 24?
Most mining companies reversed their 2015 losses during the first few months of 2016 and have posted substantial gains. There is a high correlation between mining stocks and precious metals.
What Should Gold Investors Do after the US Election Surprise?
Until the market settles down and the policies of the new administration are understood, uncertainty is likely to prevail in the market. This, in turn, should support precious metals such as gold, silver, platinum, and palladium.
Goldcorp’s production profile is decreasing in Mexico
Los Filos is located in the Nukay mining district in central Guerrero state in southern Mexico. Its estimated mine life is 14 years. It had 7.95 million ounces in gold reserves as of December 2013.
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 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.
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.
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.
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 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%.
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.
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.
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.
Why New Gold Bulls Have Gone Extinct
As of September 24, New Gold (NGD) has fallen 75%, significantly underperforming its peers.
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 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.
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.
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.
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.
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.
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.
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.
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 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 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.
How Liquid Is the Gold Market?
Bitcoin’s extremely volatile nature makes it difficult for it to serve as a store of value asset.