Why IAMGOLD CORP (NYSE:IAG) qualifies as a high growth stock.

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 recent financial report of IAG demonstrates a 66.67% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• IAG has demonstrated strong q2q revenue growth of 57.9%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• Over the past 3 years, IAG has demonstrated 122.0% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The Return on Equity(ROE) of IAG is 24.56%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• IAG has exhibited strong Relative Strength(RS) in recent periods, with a current 96.11 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position.
• IAG's Debt/Equity ratio of 0.34 suggests a healthy balance between debt financing and shareholder equity.
• With 66.11% of the total shares held by institutional investors, IAG showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Deciphering the Technical Picture of IAG

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 7 out of 10 to IAG. IAG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

• 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. We also observe that the gains produced by IAG over the past year are nicely spread over this period.
• IAG is one of the better performing stocks in the Metals & Mining industry, it outperforms 85% of 151 stocks in the same industry.
• IAG is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so IAG slightly outperforms the market at the moment.
• The long and short term trends are both neutral. This gives a pretty neutral overall picture!
• In the last month IAG has a been trading in the 5.02 - 6.63 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.

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.

We assign a fundamental rating of 5 out of 10 to IAG. IAG was compared to 151 industry peers in the Metals & Mining industry. IAG has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on IAG.

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

Our CANSLIM screen will find you more ideas suited for growth investing.

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.