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 $7.63, up 1.19% from the previous day, and has increased 114.93% in one year. It has overperformed other stocks in the Gold industry by 0.57 percentage points. Iamgold stock is currently +121.8% from its 52-week low of $3.44, and -8.95% from its 52-week high of $8.38.
There are currently 575M IAG shares outstanding. The market cap of IAG is $4.39B. In the past 24 hours, 17.77M 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 choose a stock brokerage, but don't worry - we've researched dozens of online 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 found.
- Fund your investment account: Select your method of payment and add your information.
- 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 market analysis website can help you decide 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 buy IAG stock at a particular price.
- Get updates on your IAG investment: Create a watchlist to important notifications about your investment in Iamgold shares.
Step 1: Figure out where to buy Iamgold stock
You will need a brokerage account to access the NYSE market and buy IAG stock.
Our preferred brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to buy IAG stock today.
How to Open a New Brokerage 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.
- Enter your personal details to create your new brokerage account.
- Submit 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 a good online stock trading app, you can securely and quickly fund your account:
Check out the tutorial below if you need help transferring money into your investment account.
Step 4: Analyze Iamgold stock
Once you have selected the best place to buy Iamgold stock, it's absolutely critical to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Iamgold Metrics
Fundamentals of Iamgold
WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on IAG's stock page.
Is IAG stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IAG's true value.
Using relative valuations ratios:
- IAG may be overvalued based on its P/E ratio of 109x, relative to Gold industry P/E ratio of 40.78x
- IAG may be undervalued based on its P/B ratio of 1.29x, relative to Gold industry P/B ratio of 2.52x
- IAG may be undervalued based on its PEG ratio of 0.44x
You can access more valuation research on IAG's stock here.
IAG Financial Health
Passed Health Checks:
- IAG's operating cash flow of $483.20M allows it to safely service it's debt of $1.15B.
- IAG profit margin has gone up from 12.5% to 45.4% in the past year.
- Total IAG debt is lower than 5 years ago, relative to shareholder equity.
- IAG earnings of $1.04B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the IAG balance sheet.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the IAG balance sheet.
- IAG has a relatively high debt to equity ratio of 0.59.
Is it a good time to buy Iamgold stock, according to analysts?
Out of 3 Wall Street analysts who research IAG, the consensus analyst rating on IAG is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Iamgold stock forecast page.
IAG Momentum
IAG Earnings
Last year, IAG earnings were $804.50M. During the past four year, IAG's earnings have grown by -23.08% per year. This was slower than the Gold industry average of 15.61%.
Last year, IAG revenue was $1.77B. Over the last 5 year, IAG's revenue has increased by 10.22% per year. This was slower than the Gold industry average of 15.92%.
Dive into IAG's earnings and revenue performance here.
Latest Insiders Trades at IAG
In the past 12 months, insiders at IAG have not bought or sold any shares.
Dig into more about who owns IAG shares here.
Can I get consistent income from IAG stock?
No, Iamgold doesn't provide an income stream by paying out dividends.
What do other traders have to say about IAG?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your IAG buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Click the Open button and eToro will execute the order.
If you want more help buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your IAG investment
Now that you own some shares in IAG, you'll want to keep up with your new stock purchase.
Put IAG on a watchlist to see the latest developments about your IAG stock.
IAG Feed
How to Buy Stock in Iamgold
To summarize, here are the 6 steps to buy 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 brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Iamgold, get started below.
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