BSc MSc - IAMGold Ex Growth

IMG Stock  CAD 7.72  0.12  1.58%   

Insider

BSc MSc is Ex Growth of IAMGold
Age 61
Address 150 King Street West, Toronto, ON, Canada, M5H 1J9
Phone416 360 4710
Webhttps://www.iamgold.com

IAMGold Management Efficiency

The company has return on total asset (ROA) of 0.0444 % which means that it generated a profit of $0.0444 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2679 %, meaning that it generated $0.2679 on every $100 dollars invested by stockholders. IAMGold's management efficiency ratios could be used to measure how well IAMGold manages its routine affairs as well as how well it operates its assets and liabilities. At this time, IAMGold's Return On Assets are very stable compared to the past year. As of the 29th of November 2024, Return On Equity is likely to grow to 0.04, while Return On Tangible Assets are likely to drop 0.01. At this time, IAMGold's Non Currrent Assets Other are very stable compared to the past year. As of the 29th of November 2024, Other Current Assets is likely to grow to about 133.7 M, while Total Assets are likely to drop about 2.7 B.
IAMGold has accumulated 952.1 M in total debt with debt to equity ratio (D/E) of 0.2, which may suggest the company is not taking enough advantage from borrowing. IAMGold has a current ratio of 3.44, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist IAMGold until it has trouble settling it off, either with new capital or with free cash flow. So, IAMGold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like IAMGold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IAMGold to invest in growth at high rates of return. When we think about IAMGold's use of debt, we should always consider it together with cash and equity.

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IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada. IAMGOLD CORP operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 5222 people. IAMGold (IMG) is traded on Toronto Exchange in Canada and employs 3,700 people. IAMGold is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

IAMGold Leadership Team

Elected by the shareholders, the IAMGold's board of directors comprises two types of representatives: IAMGold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IAMGold. The board's role is to monitor IAMGold's management team and ensure that shareholders' interests are well served. IAMGold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, IAMGold's outside directors are responsible for providing unbiased perspectives on the board's policies.
LucBernard Ing, Project Director
Renaud PEng, President CEO
Stephen Eddy, Senior Development
Dorena Quinn, Senior People
Marthinus Theunissen, Interim Officer
Peter Stothart, Advisor
Oumar Toguyeni, VP Sustainability
Daniel Ing, Director Services
Timothy Bradburn, General VP
Graeme CFA, Vice Communications
Bruno Lemelin, Chief Officer
BSc MSc, Ex Growth

IAMGold Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is IAMGold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with IAMGold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IAMGold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IAMGold will appreciate offsetting losses from the drop in the long position's value.

Moving together with IAMGold Stock

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Moving against IAMGold Stock

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The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IAMGold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IAMGold to buy it.
The correlation of IAMGold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IAMGold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether IAMGold is a strong investment it is important to analyze IAMGold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IAMGold's future performance. For an informed investment choice regarding IAMGold Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IAMGold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Please note, there is a significant difference between IAMGold's value and its price as these two are different measures arrived at by different means. Investors typically determine if IAMGold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IAMGold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.