High growth, ROE and relative strength for IAMGOLD CORP (NYSE:IAG), growth investors may appreciate this.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if IAMGOLD CORP (NYSE:IAG) is suited for growth investing. Investors should of course do their own research, but we spotted IAMGOLD CORP showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of IAG highlighted

• The earnings per share (EPS) of IAG have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 66.67% increase. This reflects the company's ability to improve its profitability over time.
• IAG has achieved significant quarter-to-quarter (Q2Q) revenue growth of 57.9%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• IAG has experienced 122.0% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• IAG has achieved an impressive Return on Equity (ROE) of 24.56%, showcasing its ability to generate favorable returns for shareholders.
• IAG has exhibited strong Relative Strength(RS) in recent periods, with a current 95.2 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position.
• IAG has a Debt/Equity ratio of 0.34, indicating a balanced approach to financing growth.
• The ownership composition of IAG reflects a balanced investor ecosystem, with institutional shareholders owning 66.11%. This indicates a broader market participation and potential for increased trading liquidity.

Analyzing the Technical Aspects

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall IAG gets a technical rating of 8 out of 10. In the last year, IAG was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• When comparing the yearly performance of all stocks, we notice that IAG is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by IAG over the past year are nicely spread over this period.
• IAG is part of the Metals & Mining industry. There are 151 other stocks in this industry. IAG outperforms 83% of them.
• IAG is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
• In the last month IAG has a been trading in the 5.02 - 6.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of IAG for a complete technical analysis.

A complete fundamental analysis of IAG

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 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 151 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.

Check the latest full fundamental report of IAG for a complete fundamental analysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

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.