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Iamgold Corporation (IAG) [hlAlert]

down 89.02 %

Iamgold Corporation (IAG) rated Buy by GARP Research

Posted on: Monday,  Oct 19, 2009  1:25 PM ET by GARP Research

GARP Research rated Buy Iamgold Corporation (NYSE: IAG) on 10/19/2009, when the stock price was $14.30. Since
then, Iamgold Corporation has lost 89.02% as of 11/25/2015's recent price of $1.57.
If you would have followed this GARP Research's recommendation on IAG, you would have lost 89.02% of your investment in 2228 days.

IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America.

We are long term investors and all of our recommendations are driven by a single investment philosophy. Whereas most investment research firms build their coverage around industry sectors or corporate finance interests, we simply focus on finding high-quality stocks that we consider to be attractively priced and have the potential to materially appreciate over a two to three year timeframe. All of our recommendations must meet specific criteria of our defined investment philosophy incorporating elements of growth, quality and control of risk. Importantly, we have a multi-year performance record which we believe validates our methodology and points to the thoroughness of our work.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2009 1:25 PM Buy
as of 12/31/2009
1 Week up  19.46 %
1 Month down  -0.58 %
3 Months up  31.74 %
1 YTD up  31.74 %

(*) Stock Price at the time of the recommendation.
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