IAMGOLD is set to deliver record 2024 revenues, backed by solid performances at its mines and higher gold prices.
US bank JP Morgan is expecting more good numbers from British Airways owner International Consolidated Airlines Group SA (LSE:IAG) with the upcoming set of quarterly updates from the airlines sector. The US bank sees IAG as offering the best chance of a positive surprise with transatlantic pricing strong and a benign demand/supply dynamic.
The consensus price target hints at a 29.3% upside potential for Iamgold (IAG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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.
Here is how Iamgold (IAG) and Klabin SA (KLBAY) have performed compared to their sector so far this year.
The International Consolidated Airline (IAG) share price has thrived in the past two years. It rose by over 90% in 2024, becoming the best-performing company in the FTSE 100 index.
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC faced pressure on Monday as climbing oil prices threatened higher fuel costs ahead. IAG shares fell by 3.5% to 304.9p, while easyJet dipped by 2.7% to 494.2p on the back of a further climb by benchmark Brent crude to top the US$80 a barrel mark.
Iamgold (IAG) reachead $5.67 at the closing of the latest trading day, reflecting a +0.35% change compared to its last close.
Shares in airlines came under pressure on Friday as ongoing strength in oil prices raised the prospect of higher fuel prices ahead. easyJet PLC led the FTSE 100's fallers come mid-morning, having fallen by 1.8%, while British Airways owner International Consolidated Airlines Group SA (LSE:IAG) slipped 1.1%.
IAMGOLD Corporation has outperformed gold and the VanEck Gold Miners ETF, with shares up 100% YTD through December 30, 2024. Despite some debt, IAG shows promising earnings growth, with Q3 non-GAAP EPS beating expectations and significant revenue increases. The Côté Gold mine in Ontario is a key asset, expected to boost production and profitability with a 30-year operating life.
IAMGOLD IAG delivered a stellar performance so far in 2024, with shares soaring 102%. The company's shares have significantly surpassed the industry's 13.2% growth and the S&P 500's climb of 27.6% in the same timeframe.
Here is how Iamgold (IAG) and Methanex (MEOH) have performed compared to their sector so far this year.