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IAMGOLD

TSX:IMG
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMG
TSX
CA$2B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The last earnings update was 70 days ago. More info.


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  • IAMGOLD has significant price volatility in the past 3 months.
IMG Share Price and Events
7 Day Returns
6%
TSX:IMG
0.1%
CA Metals and Mining
-0.4%
CA Market
1 Year Returns
-40.1%
TSX:IMG
-0.9%
CA Metals and Mining
-3.1%
CA Market
IMG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IAMGOLD (IMG) 6% 18.7% 9.8% -40.1% -27.6% 10.4%
CA Metals and Mining 0.1% 6.2% 4.4% -0.9% -20.2% -19.8%
CA Market -0.4% 0.8% -1.7% -3.1% 8.2% 0.9%
1 Year Return vs Industry and Market
  • IMG underperformed the Metals and Mining industry which returned -0.9% over the past year.
  • IMG underperformed the Market in Canada which returned -3.1% over the past year.
Price Volatility
IMG
Industry
5yr Volatility vs Market

IMG Value

 Is IAMGOLD undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for IAMGOLD. This is due to cash flow or dividend data being unavailable. The share price is CA$4.58.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IAMGOLD's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IAMGOLD's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:IMG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.24
TSX:IMG Share Price ** TSX (2019-07-15) in CAD CA$4.58
TSX:IMG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.767 $3.51
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.36x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IAMGOLD.

TSX:IMG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:IMG Share Price ÷ EPS (both in USD)

= 3.51 ÷ -0.24

-14.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IAMGOLD is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • IAMGOLD is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does IAMGOLD's expected growth come at a high price?
Raw Data
TSX:IMG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
76.1%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 37 Publicly-Listed Metals and Mining Companies 0.83x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IAMGOLD, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IAMGOLD's assets?
Raw Data
TSX:IMG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.80
TSX:IMG Share Price * TSX (2019-07-15) in CAD CA$4.58
TSX:IMG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.767 $3.51
Canada Metals and Mining Industry PB Ratio Median Figure of 1,099 Publicly-Listed Metals and Mining Companies 1.37x
Canada Market PB Ratio Median Figure of 2,436 Publicly-Listed Companies 1.42x
TSX:IMG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:IMG Share Price ÷ Book Value per Share (both in USD)

= 3.51 ÷ 5.80

0.6x

* Primary Listing of IAMGOLD.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IAMGOLD is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess IAMGOLD's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. IAMGOLD has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IMG Future Performance

 How is IAMGOLD expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
76.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IAMGOLD expected to grow at an attractive rate?
  • Unable to compare IAMGOLD's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare IAMGOLD's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • IAMGOLD's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:IMG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:IMG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 76.1%
TSX:IMG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.8%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.6%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:IMG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:IMG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 410
2022-12-31 342
2021-12-31 1,206 294 -9 3
2020-12-31 1,178 319 -3 6
2019-12-31 1,111 240 -41 6
TSX:IMG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,048 94 -112
2018-12-31 1,111 191 -28
2018-09-30 1,128 233 -11
2018-06-30 1,152 299 29
2018-03-31 1,149 334 562
2017-12-31 1,095 295 502
2017-09-30 1,056 294 514
2017-06-30 1,070 342 500
2017-03-31 1,028 327 -19
2016-12-31 987 311 53
2016-09-30 973 210 -618
2016-06-30 898 99 -720

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IAMGOLD is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • IAMGOLD's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:IMG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from IAMGOLD Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:IMG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 -0.02 -0.01 -0.02 2.00
2020-12-31 0.00 0.06 -0.07 2.00
2019-12-31 -0.09 -0.08 -0.10 2.00
TSX:IMG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.24
2018-12-31 -0.06
2018-09-30 -0.02
2018-06-30 0.06
2018-03-31 1.21
2017-12-31 1.08
2017-09-30 1.12
2017-06-30 1.11
2017-03-31 -0.04
2016-12-31 0.13
2016-09-30 -1.52
2016-06-30 -1.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IAMGOLD is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IAMGOLD's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IAMGOLD has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IMG Past Performance

  How has IAMGOLD performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IAMGOLD's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IAMGOLD does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare IAMGOLD's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IAMGOLD's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
IAMGOLD's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IAMGOLD Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:IMG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,047.50 -111.80 81.80
2018-12-31 1,111.00 -28.20 81.30
2018-09-30 1,127.80 -11.10 79.50
2018-06-30 1,151.80 29.20 75.80
2018-03-31 1,148.90 561.90 75.50
2017-12-31 1,094.90 501.60 78.70
2017-09-30 1,056.30 514.00 78.50
2017-06-30 1,069.90 500.20 79.50
2017-03-31 1,027.90 -18.50 76.30
2016-12-31 987.10 52.60 70.50
2016-09-30 972.80 -618.00 65.20
2016-06-30 898.00 -720.00 64.50
2016-03-31 892.00 -727.50 65.10
2015-12-31 917.00 -797.10 69.80
2015-09-30 951.30 -269.90 76.40
2015-06-30 1,030.40 -269.40 83.00
2015-03-31 1,035.30 -271.90 88.00
2014-12-31 1,007.90 -269.50 87.50
2014-09-30 783.00 -991.20 91.60
2014-06-30 789.80 -881.40 96.00
2014-03-31 859.50 -887.60 102.40
2013-12-31 947.50 -862.60 117.60
2013-09-30 1,515.10 92.40 145.60
2013-06-30 1,557.80 145.10 167.10
2013-03-31 1,621.20 226.40 173.60
2012-12-31 1,670.00 334.70 171.00
2012-09-30 1,536.40 383.70 154.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if IAMGOLD has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if IAMGOLD has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if IAMGOLD improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess IAMGOLD's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IAMGOLD has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IMG Health

 How is IAMGOLD's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IAMGOLD's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IAMGOLD is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IAMGOLD's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IAMGOLD's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IAMGOLD Company Filings, last reported 3 months ago.

TSX:IMG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,775.20 394.50 673.70
2018-12-31 2,792.60 398.50 734.60
2018-09-30 2,870.70 396.20 715.90
2018-06-30 2,870.90 393.70 775.30
2018-03-31 2,887.80 392.50 831.90
2017-12-31 2,846.80 391.60 791.30
2017-09-30 2,852.80 388.70 810.60
2017-06-30 2,812.90 392.20 776.20
2017-03-31 2,298.40 899.20 1,073.10
2016-12-31 2,271.10 485.10 652.20
2016-09-30 2,269.50 484.80 627.60
2016-06-30 2,032.20 628.90 554.50
2016-03-31 2,030.70 628.50 587.20
2015-12-31 1,937.90 698.10 481.20
2015-09-30 2,619.60 627.80 633.10
2015-06-30 2,706.50 637.00 679.20
2015-03-31 2,717.10 636.70 730.10
2014-12-31 2,663.60 641.70 172.70
2014-09-30 2,797.90 641.30 183.20
2014-06-30 2,870.80 641.00 133.80
2014-03-31 2,886.40 640.60 153.60
2013-12-31 2,872.50 640.30 231.50
2013-09-30 3,747.80 639.90 368.90
2013-06-30 3,717.00 639.50 454.90
2013-03-31 3,811.60 647.00 665.70
2012-12-31 3,804.80 638.80 832.50
2012-09-30 3,767.30 638.30 916.50
  • IAMGOLD's level of debt (14.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (22.2% vs 14.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if IAMGOLD has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess IAMGOLD's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IAMGOLD has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IMG Dividends

 What is IAMGOLD's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IAMGOLD dividends. Estimated to be 0% next year.
If you bought CA$2,000 of IAMGOLD shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IAMGOLD's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IAMGOLD's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:IMG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:IMG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 4.00
TSX:IMG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2015-05-05 0.000 0.000
2015-02-18 0.000 0.000
2014-11-12 0.000 0.000
2014-08-13 0.000 0.000
2014-05-06 0.000 0.000
2013-12-11 0.000 0.000
2013-11-05 0.250 5.816
2013-06-04 0.250 5.000
2012-12-10 0.250 3.551
2012-11-14 0.250 2.151
2012-11-13 0.250 1.887
2012-06-20 0.250 1.903
2011-12-09 0.250 1.831
2011-11-09 0.200 1.018
2011-11-08 0.200 0.909
2011-06-21 0.200 0.983
2010-12-09 0.080 0.401
2009-12-11 0.060 0.365
2008-12-15 0.060 0.628

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IAMGOLD has not reported any payouts.
  • Unable to verify if IAMGOLD's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IAMGOLD's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IAMGOLD has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of IAMGOLD's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess IAMGOLD's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IAMGOLD afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IAMGOLD has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IMG Management

 What is the CEO of IAMGOLD's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Letwin
COMPENSATION $4,593,022
AGE 63
TENURE AS CEO 8.7 years
CEO Bio

Mr. Stephen Joseph James Letwin, also known as Steve, B.Sc, MBA, CGA, has been Chief Executive Officer and President at IAMGOLD Corp. since November 1, 2010 and its Director since 2010. Mr. Letwin served as an Interim Chief Executive Officer since January 14, 2016 until May 14, 2016. He served as President and Chief Operating Officer of Energy Services, based in Toronto, Canada since 1999. Mr. Letwin served as President & Chief Operating Officer of TransCanada Energy. He was Chief Financial Officer of TransCanada Pipelines Limited, Numac (Westcoast Energy), and Encor Energy. He served as Chief Financial Officer at TransCanada Corporation. Specializing in corporate finance, operational management, and mergers and acquisitions, Mr. Letwin has over 30 years of experience from the highly-competitive resource sector. He served as an Executive Vice President of Gas Transportation & International, Group Vice President of Distribution & Services and Group Vice President of Gas Strategy & Corporate Development at Enbridge Inc. He served as an Executive Vice President of Gas Transportation & International at Enbridge Pipelines Inc from May 2006 to September 2010. Mr. Letwin actively leads his executive management team with a clear and pragmatic approach to driving business results, creating shareholder value, and achieving sustainable growth. He served as Principal Executive Officer of Enbridge Energy Company Inc, Managing Director of Enbridge Energy Company Inc, Director of Enbridge Energy Company Inc, Executive Vice President of Gas Transportation & International for Enbridge Inc and Managing Director of Enbridge Management at Enbridge Energy Partners, L.P. He served as Principal Executive Officer, Managing Director, Director and Managing Director of Enbridge Energy Company Inc at Enbridge Energy Management LLC. He served as Managing Director at Enbridge Energy Company, Inc. He served as Managing Director at Enbridge (U.S.) Inc. He serves as the Chairman of ONEnergy Inc. He serves as Member of Advisory Board at American Gas Association. He serves as a Director at C.D. Howe Institute. He serves as a Director at OZZ Clean Energy Inc. He has been a Director of Hess Midstream Partners GP LLC at Hess Midstream Partners since February 2, 2018. He served as an Independent Director of Precision Drilling Corporation since December 4, 2006 until May 16, 2018. He serves as Independent Director at ONEnergy Inc., since July 9, 2013. Mr. Letwin served as a Member of Advisory Board at Resource Information Systems (RIS) Inc. He served as Chairman at Enbridge Gas Distribution Inc. He has been Member of Advisory Committee at Margaux Resources Ltd. since November 2016. He served as Director at RTICA Corporation. He was a senior executive with Enbridge Inc. from 1999 until 2010. He served as Director at Tableau Software, Inc. He served as Director at Decision Dynamics Technology Ltd. He served as Director of Alliance Pipeline Ltd at Alliance Pipeline Limited Partnership. He served as Director at Compania Logistica de Hidrocarburos CLH SA. He served as Director at Société en commandite Gaz Métro. He served as Director at AltaGas Ltd. He served as Director at Gaz Métro inc. He served as Director, at Margaux Resources Ltd. He is a Certified General Accountant and specializes in corporate finance, operational management and mergers and acquisitions. Stephen was awarded the 2006 Alberta Centennial Medal. Stephen was named Honorary Colonel for the Calgary 14th Service Battalion from 2001-2009 and has served as Chairman of Reserves 2000. Throughout his career, he has actively demonstrated his commitment to voluntary leadership. His most recent community affiliations have included Director, Corporate Campaign Committee of Texas Children’s Hospital; Patron, UNICEF Alberta, Canada; and Director, YMCA Calgary, Canada. He received the Queen Elizabeth Diamond Jubilee Medal Award in 2012 for his contributions to Canada. Mr. Letwin was made an Officer of the National Order of Burkina Faso in 2011 and Grand Officer in the Honorary Order of the Yellow Star of Suriname in 2018. Mr. Letwin holds a Bachelor of Science from McMaster University and an MBA from the University of Windsor. He is a Graduate of the Harvard Advanced Management Program.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the IAMGOLD management team in years:

8.7
Average Tenure
60
Average Age
  • The average tenure for the IAMGOLD management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Letwin

TITLE
President
COMPENSATION
$5M
AGE
63
TENURE
8.7 yrs

Carol Banducci

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
60
TENURE
12.5 yrs

Gord Stothart

TITLE
Executive VP & COO
COMPENSATION
$2M
TENURE
12.5 yrs

Jeff Snow

TITLE
Senior VP of Business Development & General Counsel
COMPENSATION
$1M

Craig MacDougall

TITLE
Senior Vice President of Exploration
COMPENSATION
$1M
AGE
56
TENURE
7.5 yrs

Daniel Vallières

TITLE
Director of Technical Services

Indi Gopinathan

TITLE
Investor Relations Lead

Ben Little

TITLE
Senior Vice President of Corporate Affairs
TENURE
8.5 yrs

Marcel Beaudoin

TITLE
Chief Engineer

Timothy Bradburn

TITLE
VP of Legal & Corporate Secretary
Board of Directors Tenure

Average tenure and age of the IAMGOLD board of directors in years:

7.9
Average Tenure
63
Average Age
  • The tenure for the IAMGOLD board of directors is about average.
Board of Directors

Don Charter

TITLE
Chairman of the Board
COMPENSATION
$332K
AGE
63
TENURE
4.2 yrs

Steve Letwin

TITLE
President
COMPENSATION
$5M
AGE
63
TENURE
9.5 yrs

John Caldwell

TITLE
Director
COMPENSATION
$217K
AGE
69
TENURE
13.5 yrs

Tim Snider

TITLE
Director
COMPENSATION
$219K
AGE
69
TENURE
8.5 yrs

Sybil Veenman

TITLE
Director
COMPENSATION
$198K
AGE
55
TENURE
3.6 yrs

Mahendra Naik

TITLE
Director
COMPENSATION
$183K
AGE
60
TENURE
29.5 yrs

Ritch Hall

TITLE
Director
COMPENSATION
$219K
AGE
69
TENURE
7.3 yrs

Ron Gagel

TITLE
Director
COMPENSATION
$73K
AGE
63
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Mar 19 Sell Benjamin Little Individual 22. Mar 19 22. Mar 19 -20,911 CA$4.75 CA$-99,327
25. Jan 19 Sell Peter Stothart Individual 24. Jan 19 24. Jan 19 -56,207 CA$3.83 CA$-215,273
27. Sep 18 Buy Ronald Gagel Individual 27. Sep 18 27. Sep 18 20,000 CA$4.90 CA$96,900
14. Aug 18 Buy Sybil Veenman Individual 13. Aug 18 13. Aug 18 5,000 CA$6.40 CA$32,000
X
Management checks
We assess IAMGOLD's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IAMGOLD has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IMG News

Simply Wall St News

Is IAMGOLD (TSE:IMG) A Risky Investment?

TSX:IMG Historical Debt, July 15th 2019 How Healthy Is IAMGOLD's Balance Sheet? … While this might seem like a lot, it is not so bad since IAMGOLD has a market capitalization of US$1.65b, and so it could probably strengthen its balance sheet by raising capital if it needed to. … When analysing debt levels, the balance sheet is the obvious place to start.

Simply Wall St -

IAMGOLD Corporation (TSE:IMG): What Does Its Beta Value Mean For Your Portfolio?

A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price. … The fact that this is well below 1 indicates that its share price movements haven't historically been very sensitive to overall market volatility.

Simply Wall St -

How Many IAMGOLD Corporation (TSE:IMG) Shares Have Insiders Sold, In The Last Year?

So before you buy or sell IAMGOLD Corporation (TSE:IMG), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for IAMGOLD IAMGOLD Insider Transactions Over The Last Year The Executive VP & COO, Peter Stothart, made the biggest insider sale in the last 12 months. … TSX:IMG Recent Insider Trading, June 26th 2019 If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies.

Simply Wall St -

Have Insiders Been Selling IAMGOLD Corporation (TSE:IMG) Shares?

Check out our latest analysis for IAMGOLD IAMGOLD Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the Executive VP & COO, Peter Stothart, for CA$215k worth of shares, at about CA$3.83 per share. … Over the last year we saw more insider selling of IAMGOLD shares, than buying. … Insider Ownership of IAMGOLD I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

What Kind Of Shareholder Owns Most IAMGOLD Corporation (TSE:IMG) Stock?

IAMGOLD has a market capitalization of CA$2.1b, so we would expect some institutional investors to have noticed the stock. … Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. … TSX:IMG Income Statement, June 26th 2019 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.

Simply Wall St -

Introducing IAMGOLD (TSE:IMG), The Stock That Dropped 48% In The Last Year

Check out our latest analysis for IAMGOLD Given that IAMGOLD didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … TSX:IMG Income Statement, June 20th 2019 IAMGOLD is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. … But note: IAMGOLD may not be the best stock to buy.

Simply Wall St -

Could The IAMGOLD Corporation (TSE:IMG) Ownership Structure Tell Us Something Useful?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … It has a market capitalization of CA$2.0b, which means it would generally expect to see some institutions on the share registry. … institutions are noticeable on the share registry.

Simply Wall St -

Is IAMGOLD Corporation's (TSE:IMG) CEO Salary Justified?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Then we'll look at a snap shot of the business growth. … How Does Steve Letwin's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling IAMGOLD Corporation (TSE:IMG) Shares This Year?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in IAMGOLD Corporation (TSE:IMG). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Is IAMGOLD Corporation's (TSE:IMG) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as IAMGOLD Corporation (TSE:IMG) with its market cap of CA$2.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

IMG Company Info

Description

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa. Its exploration and development projects include the Boto gold project in Senegal; the Diakha-Siribaya gold project in Mali; the Pitangui project in Brazil; the Côté gold project in Ontario; the Nelligan and Monster Lake projects in Quebec; the Rouyn-Yorbeau project in Quebec; the Loma Larga, a gold, silver, and copper project in southern Ecuador; and the Eastern Borosi project in Northeast Nicaragua. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

Details
Name: IAMGOLD Corporation
IMG
Exchange: TSX
Founded: 1990
CA$2,143,303,593
467,970,217
Website: http://www.iamgold.com
Address: IAMGOLD Corporation
401 Bay Street,
Suite 3200,
Toronto,
Ontario, M5H 2Y4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX IMG Common Shares The Toronto Stock Exchange CA CAD 08. Mar 1996
NYSE IAG Common Shares New York Stock Exchange US USD 08. Mar 1996
DB IAL Common Shares Deutsche Boerse AG DE EUR 08. Mar 1996
SWX IMG Common Shares SIX Swiss Exchange CH CHF 08. Mar 1996
Number of employees
Current staff
Staff numbers
4,948
IAMGOLD employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 23:43
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.