How to Buy Iamgold Stock
Iamgold Corp
Iamgold is a gold company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker IAG on the NYSE exchange.
Iamgold stock last closed at $3.66, up 0.55% from the previous day, and has increased 24.07% in one year. It has overperformed other stocks in the Gold industry by 0.34 percentage points. Iamgold stock is currently +83.92% from its 52-week low of $1.99, and -6.63% from its 52-week high of $3.92.
As of Apr 19, 2024, there are 481.31M shares of IAG outstanding. The market value of IAG is $1.76B. In the last 24 hours, 7.98M IAG shares were traded.
How to Buy Iamgold Stock
Wondering how to invest in Iamgold stock? Here's how.
- Figure out where to buy Iamgold stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Iamgold stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your info.
- Analyze Iamgold stock: The Iamgold ticker symbol is IAG. Is Iamgold stock a good investment? Should you buy shares of IAG? How do IAG's underlying business fundamentals look? Do top analysts think Iamgold is a good buy? Why has IAG's stock price moved recently? (Hint: Our stock research tools can help you evaluate if IAG is a good stock to buy).
- Place your IAG buy order: Decide if you will purchase IAG shares at the current market price or use a limit order to purchase IAG shares at a particular price.
- Get updates on your IAG investment: Create a watchlist to the latest updates on your investment in Iamgold shares.
Step 1: Figure out where to buy Iamgold stock
You need a brokerage account to access the NYSE market and buy IAG stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal info so you can invest in IAG today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've filled out your info on the best stock app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing money into your brokerage account.
Step 4: Analyze Iamgold stock
After you have decided on the best place to buy Iamgold stock, it's crucial to analyze their stock before you buy, so you actually comprehend the risk as well as the upside.
Iamgold quick stats
Fundamentals of IAG
WallStreetZen was designed to help average investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on IAG's stock page.
How is IAG stock valued?
You can use many financial metrics, analyses, models, and charts to gauge IAG's intrinsic value.
Using relative valuations methods:
- IAG may be overvalued based on its P/E ratio of 366x, relative to Gold industry P/E ratio of 11.24x
- IAG may be undervalued based on its P/B ratio of 0.8x, relative to Gold industry P/B ratio of 1.71x
- IAG could be undervalued based on its PEG ratio of 0.65x
You can do more valuation research on IAG's stock here.
IAG Financial Health Summary
Passed Health Checks:
- IAG profit margin has gone up from -5.8% to 9% in the past year.
- There are more short-term assets than short-term liabilities on the IAG balance sheet.
- IAG has $367.10M in cash and short term investments. This is sufficient to cover its annual cash burn of $747.90M.
Failed Health Checks:
- Total IAG debt is higher than 5 years ago, relative to shareholder equity.
- IAG has a relatively high debt to equity ratio of 1.06.
- There are more long-term liabilities than short-term assets on the IAG balance sheet.
- IAG has cash burn of 747900000. It does not have sufficient cash and short-term investments to cover this.
Is it a good time to buy Iamgold stock, according to Wall Street analysts?
Out of 2 sell side analysts who research IAG, the consensus analyst rating on Iamgold is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Iamgold stock forecast page.
Metrics for Advanced IAG Traders
IAG Performance Metrics
Last year, IAG earnings were $88.70M. In the last 3 year, IAG's earnings have gone up by -96.15% per year. This was slower than the Gold industry average of 11.66%.
Last year, IAG revenue was $987.10M. During the past five year, IAG's revenue has gone up by -2.34% per year. This was slower than the Gold industry average of 15.79%.
You can research IAG's earnings and revenue performance here.
Are IAG executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at IAG have not bought or sold any shares.
Learn more about who owns IAG shares here.
Does IAG provide a stable income stream?
No, Iamgold doesn't provide an income stream by paying out dividends.
What do other traders have to say about IAG?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your IAG buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.
Hit the Open button and your broker will place the order.
If you need more help buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your IAG investment
Now that you own some IAG stock, you'll want to stay up-to-date on your new shares.
Start a watchlist to get the latest updates about your IAG stock.
IAG Feed
How to Buy Stock in Iamgold
To summarize, here are the 6 steps for buying Iamgold stock:
- Figure out where to buy Iamgold stock
- Create a brokerage account
- Fund your investment account
- Analyze Iamgold stock
- Place your IAG buy order
- Get updates on your IAG investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Iamgold, create a watchlist on WallStreetZen today.
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