IAMGOLD CORP (NYSE:IAG) is a candidate for growth investors. Here's why.

In this article we will dive into IAMGOLD CORP (NYSE:IAG) as a possible candidate for growth investing. Investors should always do their own research, but we noticed IAMGOLD CORP showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• The EPS of IAMGOLD CORP has exhibited growth from one quarter to another (Q2Q), with a 66.67% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• IAMGOLD CORP has experienced 57.9% q2q revenue growth, indicating a significant sales increase.
• IAMGOLD CORP has achieved 122.0% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• In terms of Return on Equity(ROE), IAMGOLD CORP is performing well, achieving a 22.24% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• The Relative Strength (RS) of IAMGOLD CORP has been consistently solid, with a current 96.08 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. IAMGOLD CORP exhibits strong prospects for further price appreciation.
• IAMGOLD CORP maintains a healthy Debt-to-Equity ratio of 0.28. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• IAMGOLD CORP demonstrates a balanced ownership structure, with institutional shareholders at 65.03%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Technical Analysis Observations

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 10 out of 10 to IAG. Both in the recent history as in the last year, IAG has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that IAG is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, IAG also shows a nice and consistent pattern of rising prices.
• IAG is part of the Metals & Mining industry. There are 150 other stocks in this industry. IAG outperforms 89% of them.
• IAG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• IAG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Our latest full technical report of IAG contains the most current technical analsysis.

Fundamental analysis of NYSE:IAG

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

IAG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 150 industry peers in the Metals & Mining industry. There are concerns on the financial health of IAG while its profitability can be described as average. IAG scores decently on growth, while it is valued quite cheap. This could make an interesting combination.

For an up to date full fundamental analysis you can check the fundamental report of IAG

More growth stocks can be found in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.