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.
IAMGOLD Corporation (NYSE:IAG ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Graeme Jennings - Vice President, Investor Relations Renaud Adams - President, Chief Executive Officer Maarten Theunissen - Chief Financial Officer Bruno Lemelin - Chief Operating Officer Conference Call Participants Anita Soni - CIBC World Markets Wayne Lam - RBC Mike Parkin - National Bank Financial Carey MacRury - Canaccord Genuity Steven Green - TD Securities Tanya Jakusconek - Scotiabank Operator Thank you for standing by. This is the conference operator.
International Consolidated Airlines Group SA (LSE:IAG) (IAG)-owned British Airways will stop operating flights between London and Beijing later this year. The airline had dubbed the route as one of its “most important” last year when restarting flights after the pandemic.
In mid-July, the S&P 500 index touched highs of 5669. From those all-time highs, the index has already corrected by 8%.
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) is the only airline operator with forward earnings momentum, according to the analysts at Panmure Liberum. Second quarter numbers today were well ahead of consensus, it adds, in sharp contrast to its peers.
Shares in IAG rose nearly 3% to the top of London's benchmark index on Friday, after the British Airways owner scrapped its proposed takeover of Spain's Air Europa citing regulatory hurdles.
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) said it is to start paying dividends again as it dropped its move to buy the outstanding 80% stake of Spanish budget carrier Air Europa Luis Gallego, IAG chief executive, said “We are pleased to announce a return to paying a dividend, which reflects our confidence in the business, our performance and our transformation”. IAG will pay Air Europa vendor Globalia €50 million as a break fee following the termination and continue to hold a 20% minority stake.
Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment".
British Airways-owner IAG said on Thursday it has terminated its deal to acquire Air Europa, citing current regulatory environment concerns.
The latest trading day saw Iamgold (IAG) settling at $3.95, representing a +0.77% change from its previous close.
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.
It has been a mixed bag for the international carriers like British Airways-owner International Consolidated Airlines Group SA (LSE:IAG) in 2024. While the holiday spending rebound is in full swing, this has primarily benefited budget airlines offering cheap fares to sunny European destinations.