IAMGOLD Corp T.IMG

PREDICTION - IAMGOLD SHARE PRICE

[Luke555]

As a long term shareholder, I’m pleased with IAMGOLD’s recent share price movement! On my last posting on May 02, 2024, I shared some of my thoughts about the direction of IAMGOLD and I predicted that its share price was heading toward the CDN $6.00 range.  Let’s take a closer look at the details:

On May 2, 2024, IAMGOLD’s share price closed at CDN $5.01.
As of May 15, 2024, the closing price has risen to CDN $6.10.

Over the next six months, I predict a gradual upward movement toward the CDN $10 range.
IAMGOLD’s performance will likely be influenced by several factors, including the ones below:
 

• Operating Mines:

          IAMGOLD operates three mines, and positive developments in their              production            and efficiency can impact the stock price.

• Cote Commissioning Phase:

         Progress with the Cote mine’s commissioning phase could be a significant catalyst.

• Gold Production:

         If the Cote Mine’s gold production increases over the next two quarters, it could boost               investor confidence.

• Historic Gold Price Break-Out:

          The global gold market’s historic break-out has entered upside acceleration phase.                    What better timing for Cote Mine to come on stream!!

 Investors often turn to gold during uncertain times, which could also contribute to IAMGOLD’s performance.

A noteworthy fact, based on my readings, the catalyst behind the historic gold break-out is the Chinese Precious Metal investors and traders. Their influence on the gold market aligns with my observations. It’s essential to keep monitoring these trends.
 
According to the global money managers, this is a major uptrend cycle for the gold market.
Remember that investing involves risks, and market conditions can change rapidly. Always consider diversification and consult with a financial advisor.