IAMGOLD Corp (NYSE:IAG): A CAN SLIM Candidate for Growth Investors

IAMGOLD Corp (NYSE:IAG) is a gold mining company with operations in North America and West Africa. The stock has recently shown strong performance, making it a potential candidate for investors using the CAN SLIM strategy.

CAN SLIM is a growth investing system developed by William O’Neil, combining fundamental and technical analysis to identify stocks with strong earnings momentum, institutional support, and favorable market conditions. The approach focuses on companies with accelerating earnings, leadership in their industry, and positive price trends.

How IAMGOLD Corp (NYSE:IAG) Fits the CAN SLIM Criteria

C – Current Earnings Growth

The system emphasizes strong quarterly earnings growth. IAMGOLD Corp (NYSE:IAG) reported a 66.7% year-over-year EPS increase in its latest quarter, well above the 20% minimum threshold. Revenue growth was also robust at 57.9%, indicating strong operational performance.

A – Annual Earnings Growth

Long-term earnings consistency is key. IAMGOLD Corp (NYSE:IAG) has delivered an impressive 3-year EPS growth rate of 122.4%, far exceeding the 25% benchmark. This suggests sustained profitability and expansion.

N – New Highs & Industry Leadership

The stock has been trading near its 52-week highs, a positive signal in CAN SLIM. Additionally, gold mining has seen renewed interest, and IAMGOLD Corp (NYSE:IAG) ranks in the top 14% of its industry based on relative strength.

S – Supply & Demand

The company maintains a debt-to-equity ratio of 0.34, below the preferred threshold of 2, indicating manageable leverage. Trading volume has been healthy, averaging 14 million shares daily, ensuring liquidity.

L – Market Leadership

With a relative strength of 96.82, IAMGOLD Corp (NYSE:IAG) outperforms nearly 97% of all stocks, a hallmark of market-leading performance.

I – Institutional Sponsorship

Institutional ownership stands at 66.1%, below the 85% ceiling, suggesting room for further institutional accumulation.

M – Market Direction

The broader market’s short-term trend is positive, aligning with CAN SLIM’s requirement for favorable conditions.

Technical & Fundamental Overview

Technical Analysis

IAMGOLD Corp (NYSE:IAG) has a technical rating of 10/10, with both short and long-term trends bullish. The stock is trading above key moving averages, reinforcing strength. For a deeper look, see the technical report.

Fundamental Analysis

The company scores 5/10 on fundamentals, with strong profitability (ROE of 24.56%) but some concerns around liquidity. Valuation remains attractive, with a P/E of 12.84, below industry peers. Full details are in the fundamental report.

Conclusion

IAMGOLD Corp (NYSE:IAG) meets several key CAN SLIM criteria, including strong earnings growth, market leadership, and institutional interest. While risks remain, the stock’s technical strength and fundamental metrics make it worth monitoring for growth investors.

For more CAN SLIM-compliant stocks, check out this screener.