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 $5.50, up 2.04% from the previous day, and has increased 113.18% in one year. It has overperformed other stocks in the Gold industry by 0.96 percentage points. Iamgold stock is currently +160.66% from its 52-week low of $2.11, and -13.66% from its 52-week high of $6.37.
As of Nov 29, 2024, there are 571.1M shares of IAG outstanding. The market value of IAG is $3.14B. In the last 24 hours, 2.97M 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
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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 undervalued based on its P/B ratio of 0.97x, relative to Gold industry P/B ratio of 1.87x
You can do additional valuation research on IAG's stock here.
IAG Financial Health Overview
Passed Health Checks:
- IAG has $553.40M in cash and short term investments. This is sufficient to cover its annual cash burn of $236.20M.
- IAG profit margin has gone up from 10.5% to 49.6% in the past year.
- IAG has cash burn of 236200000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- IAG has a relatively high debt to equity ratio of 0.71.
- There are more long-term liabilities than short-term assets on the IAG balance sheet.
- Total IAG debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the IAG balance sheet.
Do analysts think it's a good time to buy IAG stock
Out of 6 Wall Street analysts who monitor IAG, the consensus analyst rating on IAG is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest IAG Analyst Recommendations
Jackie Przybylowski, a top 18% analyst from BMO Capital reinstates IAG with a buy rating and announces their IAG price target of $5.00, on Jun 6, 2024.
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 revenue was $1.46B. In the last 5 year, IAG's revenue has gone up by 6.9% per year. This was slower than the Gold industry average of 13.02%.
You can research IAG's earnings and revenue performance here.
What are IAG executives and large shareholders up to?
Over the last year, insiders at IAG have not bought or sold any shares.
Learn more about who owns IAG shares here.
Can I rely on IAG as an income stream?
No, Iamgold doesn't provide an income stream by paying out dividends.
IAG Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your IAG buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Press the Open button and eToro will execute the order.
If you require more help with investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your IAG investment
Now that you own some shares in IAG, you'll want to stay up-to-date on your investment.
Add IAG to a watchlist to keep tabs on your IAG stock.
IAG Feed
How to Buy Stock in Iamgold
To reiterate, here are the 6 steps to buy stock in Iamgold:
- 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 are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Iamgold, click the button below.
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