- Iamgold’s revenue from continuing operations reached $469.9 million in the fourth quarter, a 58% increase year-over-year, closely matching the estimate of $471.4 million.
- Adjusted EBITDA from continuing operations amounted to $215.4 million, reflecting a significant growth of 95% year-over-year, exceeding the estimated $205 million.
- Gold sales volume was 177,000 ounces, marking a 30% rise compared to the previous year.
- The company achieved attributable gold production of 177,000 ounces, again a 30% increase year-over-year, slightly below the forecast of 179,278 ounces.
- Investment analysts have rated Iamgold with 6 buys, 4 holds, and no sells.
A look at IAMGOLD Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
IAMGOLD Corporation, a mid-tier gold mining company with operations in West Africa, the Guiana Shield of South America, and Quebec, is poised for robust long-term growth based on the Smartkarma Smart Scores. With an impressive score of 5 in Growth and Momentum, IAMGOLD Corp shows strong potential for expanding its operations and maintaining positive market performance over time. While the company’s Value score of 4 indicates solid asset value relative to its market price, its lower Dividend score of 1 suggests a focus on reinvesting profits for future growth rather than distributing them to shareholders. Additionally, IAMGOLD Corp demonstrates moderate Resilience with a score of 3, reflecting a reasonable ability to weather economic fluctuations.
In summary, IAMGOLD Corp stands out as a promising investment opportunity for those seeking growth and momentum in the gold mining sector. The company’s strategic focus on developing and exploring projects in key regions coupled with its favorable Smartkarma Smart Scores, particularly in Growth and Momentum, position IAMGOLD Corp well for long-term success in the industry. While investors should consider the lower Dividend score and moderate Resilience score, IAMGOLD Corp‘s overall outlook appears positive for sustained expansion and market performance in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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