IAMGOLD Corp T.IMG

New 52 week high

[ppp]

IMO, company is cheap based on todays gold price.

[toppgunn]

Agree, new 52 wk high.  A person just needs to hold this long term and should show some good returns.  I strongly believe gold will have a good run over the next year.  Have to remember up to mid half of 2012 gold companies were showing very good returns.  IMG was in the 15 dollar range.  Gold companies for the most part have not been great afterwards and major

[leafs2018]

The stock has been dead money for a while - too much debt for someone to take a run at them (even the rumoured Chinese) and operating issues persist with lower production.  It's lagged the rest of the sector lately but guess eventually a rising tide lifts all boats.  I'd be cautious about this one.  Take some profits from time to time.  They may issue shares to fix the

[ppp]

Better learn how to read a balance sheet. Cash, cash equivalents, short-term investments and restricted cash totaled $829.8 million at March 31, 2020. Cash and cash equivalents were $795.0 million, short-term investments were $7.2 million and restricted cash was $27.6 million. $499.6 million was available under the credit facility. Their debt is about 400

[leafs2018]

Amongst the size of companies that analysts rank them against, they are highly levered.  Rating agencies also think so with a junk or below investment grade rating.  'Restricted' cash is restricted for a reason.  Not easily accessible as cash & cash equivalents I grant you that and yes, availability under credit facility.

[ppp]

Something wrong with the info you are getting. You have to break down the liabilities..   AISC at 1200 is high compared to other gold producers that are under a thousand, but as the gold price increases it is less of an issue. At 1400 gold this is not the company to own.  But today they can make 4 to 500 mil a year. Company is very levered to the gold price. Non-current

[leafs2018]

We'll agree to disagree.  I'd rather be in a company with better management and ability to fix operating issues than this one.  Had been in Iamgold for a while but was dead money and if it only reacts when gold hits US$1800, glad I moved onto other.  I own WDO and MOZ and have made lots of money there while this one sat still.  Search for Moody's.com and you'll

[ppp]

i agree IMG was dead money, but if you compare them to some of the other companies they are much better value.  Like you say there where better investments but those companies are starting to get lofty valuations. IMO its time to move some money here. 

[donat50]

I agree Plus the TD and BMO rate it a buy with an $7-8 target 

[leafs2018]

TD doesn't cover Iamgold and BMO has a $5.88 target price as of June 29.

[ppp]

Event We are updating our estimates following IAMGOLD's Q1/20 financial and operating results release. Impact: SLIGHTLY NEGATIVE We have updated our estimates for IAMGOLD's Q1/20 results. The primary difference is higher cost estimates this year as well as slightly higher cost estimates next year. Our NAVPS is down slightly to C$7.51 from C$7.82 previously.

[leafs2018]

Bloomberg - which I have acces to - usually list all analysts and TD doesn't show up.   Odd

[donat50]

Thank You My poit exacly .

[leafs2018]

Not sure what point you're trying to make but on a day like today, IMG down and others up.  I'll let you think you won this one.  Moving on to make money elsewhere.