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IAMGOLD Corporation (IAG)

NYSE - NYSE Delayed Price. Currency in USD
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3.0700+0.0900 (+3.02%)
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  • r
    ron
    I will keep buying for my long term hold this is free money, company has $1.5 billion in cash discount is unreal
    Bullish
  • M
    MrSpock
    IAG has $2 per share in cash. That means the enterprise value of the entire company is currently 99 cents per share. That's what wall street thinks of IAG's business. I've never understood how or why "the street" values this this company so low.
  • n
    neiman
    Time to buy more stock will be $5 before March 15 with covid relief bill
    Bullish
  • W
    William
    FED buying treasuries to hold down yields; $1.9T new US debt on the way; US loss of tax revenues from shutdowns (est $0.75T for year); USD issues pending. gold and miners heavily shorted; bubble investments galore - can there be a better backdrop for $IAG and $BTG? My two largest holdings
    Bullish
  • c
    cbw
    High oil price will be another headwind for the market.

    Luckily IAG hedged its energy costs and have plenty cashes on hands.
  • c
    carlos
    Confirmed Westwood will re-open this month, nice catalyst
    Bullish
  • c
    cbw
    When I bought HL at 1.4 in 2019, all negatives on the board. It had cash crunched then.

    Now I unloaded all my HLs and continue to add IAG and EGO.
    IAG is fundamentally sound and also put in some hedge to protect itself.

    Nothing much can do about dumping on gold stocks regardless of fundamentals until gold bottom out.

    So will dollar costs down every 2 month on the "fixing" day before COMDEX gold contracts rollover until the trend reverses.

    Don't forget buyout can happen if the Canadian gov doesn't block it.
  • c
    cbw
    IAG trades lower than 2019 average when gold was below $1500.
    IAG EPS is 2X of HL last Qtr.
    Still wait for gold to bottom and repeat 2008 to 2011 run.
  • O
    ORESTIS
    The selling is slowing as we get to
    strong support levels for gold.
    Oil slickers and banks still having
    a party, will see for how long.
  • S
    Summerwind
    Added 8 k shares today. Holding 38 k shares with average $3.50. Hold until $5.00. GLTA longs.
  • R
    Raymond
    look into TRQ it's a GOLD MINE mascarading as a copper mine. 3 rd largest copper mine in the world with 100 year plus life. next years Gold estimate is 550,000 Oz. if you want to own gold and have copper there too then check out TRQ. WIN WIN
  • W
    William
    Check out the Jan 2023 $3 Strick Price Put Option for IAG. Just sold to open 10 contracts and got $1,000 premium. If exercised, I will have to buy 10x lots of 100 shares or 1000 shares total at $3 a share for $3,000. The $1,000 premium buys 333 of those shares for a net cost of $2,666.66. Stock price would have to fall below $2 a share for me to lose money. IAG already holds $2 a share in cash. Looks like the premium is dropping a bit to $975 at the time of this post.
  • W
    William
    Here why a $BTC and $IAG merger will be a wild success; combined production puts the merged company amid the top 10 largest miners in the world; the large cash position that $IAG has will allow further growth and expansion with LITTLE TO NO COMPANY DEBT; cost of production drops from sharing equipment and assets and combining logistical support; BTG and IAG are both Canadian companies in realatively close proximity; the merger will attract attention which is currently non-existent; and finally, the merger may spur other miners to consolidate which would bring even more attention to the sector that currently needs CPR
    Bullish
  • K
    Ken
    Ignore the narrative. It's gold's turn. Almost everything else is in a bubble at this time. Look at the effort to get you to sell. How much gold is going down...well it will need to be covered...IAG actual forward PE is under 10 so buy with confidence, hold and wait for the best move in a decade
  • T
    Thomas
    Calling a bottom today. Better days ahead.
  • T
    Thomas
    Go back to the message boards in March/April 2020, everyone was also losing their minds and panic selling when this was basically a 400m EV, an insane discount even at lower gold prices given the convexity / value of their call option on gold prices. Now I think is a similarly great opportunity, I've loaded up 450k shares of this stock. Pushing the Company to do more collars and buy the shares back in the open market, $1.5bn of liquidity is excessive in my mind given the cash flow from existing assets (raises the question of if they believe in their own forecasts / if they're just terrible at managing their existing cap structure. Someone should really buy them out, cap structure wise would make sense + loads of G+A synergies from getting rid of their useless execs)
  • v
    vincento
    How many ounces of gold reserves does IAG have per share outstanding? How does that compare to other gold miners?
  • r
    ramjam
    Average down and gold on tight!!!!!
    It will take some more bumps and bruises through re-openings and our supposedly rebounding economies, as the 10 year yield fluctuates and what not, but once the inflation becomes not only evident but undeniably felt by us common-folk's wallets, it will be GAME ON for gold! Pretty nice that IAMGold has big inventory stacked up as well, not to mention the abundance of cash!
    Bullish
  • r
    ron
    "On January 12, 2021, IAMGOLD entered into an agreement to sell a royalty portfolio to Triple Flag Precious Metals Corp for up to $47.6 million. The transaction is expected to close during the first quarter 2021."
    Bullish
  • c
    charles
    Westwood mine will be opened this month- positive catalyst
    Bullish