TSX:IMGMetals and Mining
IAMGOLD (TSX:IMG) Margin Surge Reinforces Bull Narratives, But Earnings Quality Faces Scrutiny
IAMGOLD (TSX:IMG) reported net profit margins of 40.6%, up from 10.4% a year earlier, with earnings growing at an average of 77.7% per year over the past five years as the company turned profitable. However, this jump was influenced by a significant one-off gain of $530 million in the recent period. Investors should note that regular earnings growth is forecast at 5.55% per year, trailing the Canadian market’s 12.1% projection. With shares trading at CA$16.82, well below the estimated fair...