IAMGOLD Corp
TSX:IMG
Intrinsic Value
IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. [ Read More ]
The intrinsic value of one IMG stock under the Base Case scenario is 4.39 CAD. Compared to the current market price of 4.08 CAD, IAMGOLD Corp is Undervalued by 7%.
Valuation Backtest
IAMGOLD Corp
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Fundamental Analysis
Côte Gold Project Update and Outlook
2023-Q4 Earnings Call
The company is confidently progressing with the Côte Gold project, bolstered by sufficient liquidity from operations, asset sales, and credit facilities to fund its 60.3% interest in completion and ramp-up. First gold is anticipated by late Q1 2024, with commercial production set for Q3 2024, aiming for a 90% throughput rate by year's end. Production is expected to range from 220,000 to 290,000 ounces in 2024, with cash costs around $700 to $800 per ounce and all-in sustaining costs (AISC) between $1,100 and $1,200 per ounce. Updated mineral reserves at Côte show a 5% grade increase to 1.01 grams per tonne, totaling 7.6 million ounces.
Balance Sheet Decomposition
IAMGOLD Corp
Current Assets | 1.2B |
Cash & Short-Term Investments | 747.7m |
Receivables | 60.8m |
Other Current Assets | 352.1m |
Non-Current Assets | 3.3B |
Long-Term Investments | 9.6m |
PP&E | 3B |
Other Non-Current Assets | 230.5m |
Current Liabilities | 487.5m |
Accounts Payable | 257.8m |
Other Current Liabilities | 229.7m |
Non-Current Liabilities | 1.7B |
Long-Term Debt | 943.5m |
Other Non-Current Liabilities | 794m |
Earnings Waterfall
IAMGOLD Corp
Revenue
|
987.1m
USD
|
Cost of Revenue
|
-863m
USD
|
Gross Profit
|
124.1m
USD
|
Operating Expenses
|
-94.8m
USD
|
Operating Income
|
29.3m
USD
|
Other Expenses
|
65m
USD
|
Net Income
|
94.3m
USD
|
Free Cash Flow Analysis
IAMGOLD Corp
What is Free Cash Flow?
IMG Profitability Score
Profitability Due Diligence
IAMGOLD Corp's profitability score is 36/100. The higher the profitability score, the more profitable the company is.
Score
IAMGOLD Corp's profitability score is 36/100. The higher the profitability score, the more profitable the company is.
IMG Solvency Score
Solvency Due Diligence
IAMGOLD Corp's solvency score is 52/100. The higher the solvency score, the more solvent the company is.
Score
IAMGOLD Corp's solvency score is 52/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
IMG Price Targets Summary
IAMGOLD Corp
According to Wall Street analysts, the average 1-year price target for IMG is 4.37 CAD with a low forecast of 3.03 CAD and a high forecast of 5.78 CAD.
Shareholder Return
IMG Price
IAMGOLD Corp
Average Annual Return | -6.72% |
Standard Deviation of Annual Returns | 12.67% |
Max Drawdown | -81% |
Market Capitalization | 2B CAD |
Shares Outstanding | 493 600 000 |
Percentage of Shares Shorted | 0.93% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company is headquartered in Toronto, Ontario. The principal activities of the Company are the exploration, development and operation of gold mining properties. The company operates in three regions globally, North America, South America and West Africa. The Company’s mining projects include Rosebel gold, Essakane Gold, Westwood Gold, Sadiola Gold and Yatela. The Rosebel gold mine is located in the mineral rich Brokopondo district in north eastern Suriname, South America. The Essakane project is located in north-eastern Burkina Faso, West Africa. The company straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in the Bousquet Township. The Sadiola Gold Mine is located in southwest Mali, West Africa near the Senegal Mali border.
Contact
IPO
Employees
Officers
The intrinsic value of one IMG stock under the Base Case scenario is 4.39 CAD.
Compared to the current market price of 4.08 CAD, IAMGOLD Corp is Undervalued by 7%.