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IAMGOLD Corp. Message Board

danmarinc 22 posts  |  Last Activity: Apr 11, 2013 3:40 PM Member since: Aug 27, 2012
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  • by danmarinc Apr 11, 2013 3:40 PM Flag

    IAMGOLD Corp. (NYSE: IAG), a Canadian small-cap gold miner, is a good value stock, trading at trailing and forward multiples of 8.5x and 10.0x, respectively. IAMGOLD is also trading at a 30% discount to its book value, with a price-to-book ratio that is 60% below the stock’s average ratio over the past five years. Shares have lost 45% of their value over the past 12 months, and are down 7% over the past five years.

    IAMGOLD has been a major dividend-grower, so to speak, increasing dividends at an average CAGR of 33% over the past five years. Currently, the gold miner is yielding 3.4% on a payout ratio of 30% of its current-year EPS estimate. The company reported a drop in its 2012 EPS, based on flat revenues, as gold output declined and operating costs and exploration expenses increased. The company’s 2013 outlook calls for an increase in gold production of between 5.4% and 14.4% from 2012.

  • danmarinc Apr 9, 2013 3:24 PM Flag

    because they are not... Cover Cover Cover...

  • by danmarinc Apr 6, 2013 10:21 AM Flag

    "Eldorado Gold(EGO) rated new Overweight at Morgan Stanley. $19 price target. Company can deliver industry-leading growth over the next several years".

    What has changed... Now EGO is at extreme oversold conditions.. The price is super low if you are a value trader/investor... Will not take much for the shorts to cover.. I think 3 to 6 dollar gains are very likely over the next few months..... I like most miners and natural resource companies that have been beat down..EGO, IAG, CLF and NFX are my picks at these levels... Most have suffered a 50 plus % haircut without much to support that type of cut... IAG has a hugh Div for the price... I think we are at or near the bottom... Steel is also near it's histroical lows and I expect a bounce soon...

  • Reply to

    sold my shares today

    by drn1122 Apr 5, 2013 2:49 PM danmarinc Apr 5, 2013 4:28 PM Flag

    That is crazy.. I bought at these levels .. averaged in over the lsat 2 weeks...I do not see any of t/he miners moving up in a way that makes me seel at a loss to buy... EGO had big option call action and sufferred a fast selloff due to a problem at one location... That is when you buy not sell... It could drop a little more but i see 12 bucks soon... I also bought some IAG for the same reasons.... Value , Value Value... These stocks are on sale like not time in the rrecent past... Keep selling and I will pick them up...

  • by danmarinc Apr 2, 2013 4:57 PM Flag

    Get ready to kiss the old ?????... Funny ... run to cover ..35.00 soon

  • I see it back to 11.00 soon... I also own IGA and CLF at recent prices,,,,,, The materials have been beaten senseless dur to GS and others,,,,, I will hold and add if they go lower,,,, 12 months from now you will be happy that you bought at these levels.....

  • by danmarinc Apr 2, 2013 2:40 PM Flag

    most people stay out of the market.... I own a little of AKS but not a big deal however ... Anyone that bought this at the big price and held have to be sick... GS among others work the market... it has little to do with the truenvalue of the companies they choose to destroy...But we have the Mayor of NY telling people how big the soda has to be are else,,, What a joke.....

  • by danmarinc Mar 25, 2013 4:42 PM Flag

    That is about it... You see it with many stocks.. The Market is at that point... Easy to drive people out and profit take... USG is no exception to this process.. Not sure how far done it goes but a big dip like this makes the down side much less... At worse the 200 day and then a big bounce or it could bounce move 5% on Tuesday.. In any case I like USG. miners, materials and steel as big bounce plays... GS pushed AKS down to nothing and should be ready to push it up..... Easy double over the next 6/12 months... CLF and NFX are the others I like big time.... When the market is at it's highs you have to play the value that is behind the curb.....

  • Reply to

    #$%$ is going on?

    by amilby40 Mar 22, 2013 1:30 PM danmarinc Mar 22, 2013 3:20 PM Flag

    Same thing with many charts... The big money comes in early and buys.. The stock price is up then the traders short it all day... You can find many that have the same chart pattern... The market i over bought in the short term and traders are only interested in intrday money... At some point they will cover and the price will move... Notice the drip drip drip during the day.....

  • Reply to

    Funny... Just Funny

    by danmarinc Mar 19, 2013 5:04 PM danmarinc Mar 19, 2013 5:14 PM Flag

    Excuse the spelling... Sorry

  • by danmarinc Mar 19, 2013 5:04 PM Flag

    GS has cut steel and minors at their lows of the year and beyond.. They cut and short and then buy and sell down the road.. If anyone would take the time to look into it they would see.... GS has nothing but GS in mind.. I have bought and made money on the GS down grades... It is better to let the stock trade down for a while and then buy... If you buy into what they say the world will never need steel again... Miners trading at 30% below their value and PE's of 8 with big Divs are being killed... Steel is at historic lows with the world turning around and the auto industry gaining ground.. Cold roll steel companies have been killed and for what? You will be looking bac on some of these charts and saying " Why didn't I buy then... Like I said ... Funny!

  • Reply to

    High Volume Today

    by kel_col_sim Mar 15, 2013 7:17 PM danmarinc Mar 17, 2013 1:08 PM Flag

    Likely due to triple witching... Friday was not a good day to measure any stock... However I do believe the miners are due a nice pop... Way over sold is an understatment...

  • by danmarinc Mar 5, 2013 1:30 PM Flag

    If you trade AKS .... I have watched it for a few years.. I buy when the 10 RSI drops below 29... Always works... I bought some yesterday... F the 200 day and all the other signals... This works for short term trades... However I do think this things takes off soon... Back to 10 if you have the guts to hold it.....

  • by danmarinc Mar 4, 2013 12:52 PM Flag

    you see on this board... Here is the truth.. IAG has a super div... The PE is extremely low.. They are in great shape with Fin's ... You are getting this thing at crazy cheap price... I wish I had money to but more here.... I will see you guys in a few months with a pocket full of money.... CK the RSI.... Oversold is an understatement...

  • Reply to

    one reason no one is touching this

    by ihateuserids2003 Mar 4, 2013 11:08 AM danmarinc Mar 4, 2013 12:24 PM Flag

    I guess they control everyone... Please man! Every miner is done huge...

  • Reply to

    This is a perfect example of how

    by danmarinc Mar 4, 2013 10:32 AM danmarinc Mar 4, 2013 10:59 AM Flag

    Do you work for IAG?

  • by danmarinc Mar 4, 2013 10:32 AM Flag

    crooked the market is.... They have attacked all mining and related industries... They can take a company down 30/40/60 % in a few weeks/months... This is a very good company by most standards of judgment.. This is the reason most retail investors are staying out of stocks...

  • by danmarinc Mar 4, 2013 10:29 AM Flag

    Type message

  • by danmarinc Nov 13, 2012 11:44 AM Flag

    it's 10 day RSI level of 28 it is a buy.... It will bounce nicely off that level... Check the charts.. Please , no short #$%$ from shorts
    ... i just trade it.....

    Sentiment: Buy

  • by danmarinc Nov 13, 2012 11:41 AM Flag

    I buy this stock when it hits 21 on the 10 day RSI chart.. It always bounces off that area... Nothing wrong with the companny other than traders working it to the down side... I bought some today and may buy more over the next few days if the RSI remains at this level...

    Sentiment: Buy

3.40+0.22(+6.92%)Apr 29 4:01 PMEDT