Iamgold Corp Dossier
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SectorMaterials IndustryGold Beta (adjusted)1.89 Intrinsic Value $34.90median of 6 methods · middle span $10-$64based on filings through 31 Dec 2025 Market Price $18.34Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 90% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+90%) Data confidence Sign in to view data confidence Market Cap $10.5B Enterprise Value $10.7B Shares Outstanding 575.1M diluted Moat Rating Narrow Next Earnings Date5 Nov 2026 Last ex-dividend1 Jul 2013 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary IAMGOLD entered the second half of 2026 with production on track, a substantially strengthened balance sheet and significant Côté Gold resource optionality. The offset is execution risk: YTD consolidated AISC of $2,195 per ounce exceeded the $2,150 guidance ceiling, Côté still requires a strong second-half production ramp, and Essakane remains exposed to security and uncapped royalty risks. At the August 31 TSX quote of C$28.15, the risk-reward appears balanced pending evidence of lower Côté unit costs and the fourth-quarter updated mine plan. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$20.00 Mean target$23.60 High · most bullish analyst$34.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $20.0018% Côté attributable production misses 270 thousand ounces, consolidated AISC remains above guidance, or an operational or security disruption at Essakane weakens cash generation. Under that combination, the current valuation could de-rate toward an analytical C$18 value. Base CaseCentral scenario $23.6055% Matches the consensus meanThe analytical base case assumes production remains within guidance, Côté improves during the second half without fully reaching the bull-case efficiency outcome, and elevated royalties keep reported AISC near the upper end of guidance. This supports a C$28 value, approximately aligned with the August 31 TSX quote. Bull CaseUpside scenario $34.0027% Côté reaches or exceeds the top of its production range, contractor-crushing savings and higher throughput reduce unit costs, consolidated production approaches 820 thousand ounces, and the updated mine plan credibly supports approximately 40,000 tonnes per day with a longer reserve life. Continued strong gold prices and buybacks support a C$35 analytical value. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |