The average of price targets set by Wall Street analysts indicates a potential upside of 25.9% in Iamgold (IAG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) publishes third-quarter results on Friday with UBS expecting revenues of €9.3 billion against €8.6 billion or slightly above consensus. The Swiss bank is also higher than the consensus on profits, with its estimate for an operating surplus of €1.8 billion against the market's €1,77 billion and net income of €1.32 billion (€1.31 billion).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Iamgold (IAG) concluded the recent trading session at $5.69, signifying a -1.39% move from its prior day's close.
Does Iamgold (IAG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Iamgold (IAG) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, IAG broke through the 20-day moving average, which suggests a short-term bullish trend.
Iamgold (IAG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
IAG has shown strong performance with nearly 20% gains and prudent management, particularly in core markets like North America and Europe. Despite inflationary pressures, IAG managed costs well, posting €1.24 billion in operating profits with a strong 15% margin. Risks include inflation, fuel price fluctuations, and geopolitical pressures, but IAG's corporate travel recovery and debt reduction present significant opportunities.
Iamgold (IAG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
IAG shares lose 10% in a day on reports that Burkina Faso might revoke certain mining permits, though details are not specified. Let us find out whether these fears are justified.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Invest in gold stocks like Sandstrom (SAND), IAMGOLD (IAG) and Newmont (NEM) for solid returns as the market enters a cycle of decreasing rates.