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IAMGOLD Corp. Message Board

  • wolfmanran wolfmanran May 8, 2013 3:05 PM Flag

    Seeking Alpha says IAG is cheap comapred to peers:

    Wednesday, May 8, 11:13 AM ET
    Iamgold (IAG +8.2%) rallies after Q1 earnings fell Y/Y, hurt by lower revenue and higher cost of sales but came in ahead of analyst estimates. Following the report, Canaccord upgrades IAG to Buy from Hold with an $8.25 price target; the firm thinks shares are oversold and appear cheap based on 3.2x 2014 price-to-cash flow vs. peer average of 5.4x.

    Sentiment: Strong Buy

4.12-0.19(-4.41%)Sep 23 4:01 PMEDT