RE:RE:RE:RE:Wall Street InterestLopesan, there are reasons why IMG is sitting at less than $5 a share with gold at multi year highs vs. when the stock was trading at $7 to $8 share (from Sept 2017 to Aug 2018) with price of gold at much lower price (check the chart).
Check out the stock prices of IAG peers below for the last year.
AISC (H1 2019)
Kirkland Lake - $597
Centerra - $705
Endeavour - $826
B2Gold - $882.
Kinross - $925
Yamana - $936
Alamos - $941
Eldorado - $977
New Gold - $1085
Detour - $1093
IAM Gold - $1109
SSR Mining - $1111
also check last 3 years vs these same peers listed above on:
-Return on Capital (%)
-Return on Invested Capital (%)
-Return on Equity (%)
Near the bottom on all of these.
Dont take my word on it, check it out for yourself.
Agreed the reserves are nice to have and may help attract a buyer.
Balance sheet is a positve but I dont like the forward sale of the 150,000oz.
Disclosure: i am long IAG and not happy with the way this company has been run.
Getting an offer of $8 to $10 share would be very nice right now.