Why the growth investor may take a look at IAMGOLD CORP (NYSE:IAG).

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.

Looking into the canslim metrics of IAMGOLD CORP

• The EPS of IAG has exhibited growth from one quarter to another (Q2Q), with a 66.67% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• IAG has achieved 57.9% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The EPS of IAG has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• 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 maintained a healthy Relative Strength (RS) over the analyzed period, with a current 96.57 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.
• 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.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Overall IAG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IAG has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• 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 84% of 153 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.
• In the last month IAG has a been trading in the 5.35 - 8.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of IAG contains the most current technical analsysis.

What else is there to say on the fundamentals of IAG?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Overall IAG gets a fundamental rating of 5 out of 10. We evaluated IAG against 153 industry peers in the Metals & Mining industry. IAG has an excellent profitability rating, but there are concerns on its financial health. An interesting combination arises when we look at growth and value: IAG is growing strongly while it also seems undervalued.

Our latest full fundamental report of IAG contains the most current fundamental analsysis.

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

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.