Iamgold Shares Rally 9% on Better Results, but We Don’t Think the Future Outlook Has Changed
After reporting results for the first quarter of 2017, Iamgold shares rallied more than 9%, as gold production rose 11% and all-in sustaining costs, or AISC, fell 8%. We were a bit surprised by the big uptick in Iamgold shares since the production and cost performance was largely expected and the company maintained its full-year guidance of 845,000 to 885,000 attributable ounces at AISC of $1,000 to $1,080 per ounce.ÂWhile we like that the company is making progress on lowering its companywide ...
IAMGold is engaged in the exploration for, development and operation of gold mining properties, and the operation of a niobium mine.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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