Iamgold Corp (IMG.TO) Buy, Sell or Hold

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Daily Stock Opinions and Ratings

Iamgold Corp (IMG.TO)

23.76

-0.13 (0.54%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

247 watching

BUY

Stock got slaughtered recently. Looks attractive. Cheapness certainly compensates you for any geopolitical risks.

DON'T BUY

Was up more than the group and gave it all back today. Guided lower for 2013. It over reacted.

HOLD

The $1720 low for gold prior to QE, gold should not pull back below that point. If it does, sell IMG-T.

BUY ON WEAKNESS

(Market Call Minute.) Possibly a Buy under $15. Cheap with an asset value of over $20.

SELL

Had a typical seasonality move and now you might want to consider taking some profits. It could come back and then take off again early next year.

COMMENT

Really good production growth coming but at this point you are playing gold for the overall sector. US$ is being devalued, central banks are pumping money into the system and this bodes well for commodities. Silver and gold have done extremely well in the short term. He recommends the senior producers such as Goldcorp (G-T) or Barrick (ABX-T). This company is not far behind. It is harder for the smaller companies to raise money right now.

COMMENT

Just did an issue, 6.75%- Oct/20. Rated high-yield. Lending to gold producers, you want to make sure they have diversified mines as well as being low cost producers. This company could eventually get taken over.

SELL

(Market Call Minute.) He would not Hold this one. Have some issues in Surinam.

DON'T BUY

Incredibly cheap. Very strong balance sheet. Missed some 2013 growth numbers. Management was unsuccessful in selling a Quebec asset earlier this year. Acquired Trelawney Mining, which the market did not like. Until the market gets comfortable with where this acquisition is going, you have to wait for the stock to turn around. Feasibility study on Trelawney is due out early 2013.

COMMENT

Had some cost overruns last quarter at Esocane. Still have $1 billion in cash and expect they will make an acquisition. When this happens, the market will re-evaluate.

HOLD

Has been disappointed in their performance. Costs and CapX have been going up. Very clean balance sheet. Have a diversified production profile. Also have other assets that they can realize value on. Undervalued. He will accumulate on weakness.

COMMENT

One of many West African names. Wouldn't be his favourite. Just made a startling discovery in a rare earth deposit. Doesn't know whether this would work well and is not quite sure what has gone wrong with this company.

TOP PICK

Sold some African mines where they were not the operators. Now sitting on $1 billion in cash, $5 a share. This gives you safety. Have a rare earth deposit in Québec where they have just drilled and created $2 of value. Really good production growth.

PAST TOP PICK

(A Top Pick Oct 14/10. Now 2.15%.)

WEAK BUY

If it gets above $23-$25 it would be a knock out buy. Prefers ELD because it is less volatile.

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