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See How IAMGold Ranks Among Analysts' Top Metals Picks
Thursday, December 5, 11:52 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that IAMGold Corp (IAG) is ...

First Week of IAG February 2020 Options Trading
Friday, December 27, 10:43 AM ET, by Market News Video Staff

Investors in IAMGold Corp (IAG) saw new options become available this week, for the February ...

IAMGold (IAG) Shares Enter Oversold Territory
Friday, January 17, 11:48 AM ET, by Market News Video Staff

In trading on Friday, shares of IAMGold Corp (IAG) entered into oversold territory, changing hands ...

First Week of September 18th Options Trading For IAMGold (IAG)
Wednesday, January 22, 10:34 AM ET, by Market News Video Staff

Investors in IAMGold Corp (IAG) saw new options become available this week, for the September ...

See How IAMGold Ranks Among Analysts' Top Metals Picks
Friday, February 21, 12:04 PM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that IAMGold Corp (IAG) is ...

See How IAMGold Ranks Among Analysts' Top Metals Picks

By Metals Channel Staff, Thursday, December 5, 11:52 AM ET
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A study of analyst recommendations at the major brokerages shows that IAMGold Corp (NYSE:IAG) is the #30 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.

In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. From the other direction, a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.

IAG operates in the Precious Metals sector, among companies like Newmont Goldcorp Corp (NEM) which is up about 1.4% today, and Barrick Gold Corp. (GOLD) trading up by about 1%. Below is a three month price history chart comparing the stock performance of IAG, versus NEM and GOLD.

IAG,NEM,GOLD Relative Performance Chart

IAG is currently trading off about 0.4% midday Thursday.


This Article's Word Cloud:   Analyst   Barrick   Below   Channel   Corp   Favorites   From   GOLD   Global   Gold   Goldcorp   IAMGold   Index   Investors   Metals   Mining   NYSE   Newmont   Precious   Start   Thursday   Titans   about   according   also   among   analyst   analysts   angle   angles   average   averaged   averages   bullish   companies   could   from   major   market   mdash   mean   opinions   pick   rank   sector   should   stock   that   trading   were

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