The Undervalued Company With French Connection That Is IAMGOLD Corp (USA) (NYSE:IAG)


Dallas, Texas 12/11/2013 (FINANCIALSTRENDS) – IAMGOLD Corp (USA) (NYSE:IAG) is a precious metal company that has different operating gold mines in Canada, Burkina Faso and Suriname. The company also has a minority interest in a joint venture in Mali. But the company is getting exposed to number of operational risk factors for the year 2014 and most of the investors are not ready to take on those risks at this moment. Many industry analysts and investment trading houses are undervaluing the company. The IAMGOLD is turning into a bargain for different investors who only trust the company’s management so that they can master the challenges posed to them in the future.

IAMGOLD Corp (USA) (NYSE:IAG) also faced huge losses because of its Cap Caiman project in French Guyana. IAMGOLD is listed on two famous stock exchanges and those are New York stock exchange and Toronto stock exchange in Canada and have an ample amount of liquidity available with it.

Current market capitalization of IAMGOLD

As per the recent study and analysis the current capitalization of IAMGOLD Corp (USA) (NYSE:IAG) is about $1.6 billion and the share price is $4.17. There are many investment trading houses which are assuming that the share price might hover between $3.50 and $9.27 in the future. Hence it is seen as a good bet if investors want to make money, buy on dips is recommended and sell as it move upwards, buy again on dips and then sell again. Many industry punters are ready with their cash and want to make some money in the short term.

Moreover the company also has a very strong balance sheet of $634 million as its working capital and current ratio of 3.3 clearly indicates that the company has no problem is paying its bills in the coming future which is a very good sign. A healthy balance sheet and steady income is all you need to grow and sustain for longer run.