Zacks Says to Buy This Mid-Cap Gold Miner Now

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August 19, 2016 11:40am NYSE:GDX NYSE:GLD

From Zacks Research: IAMGOLD Corp (USA) (NYSE:IAG) is sporting some impressive earnings growth right now, and is trading at a fair price, making it a good choice if you want some gold mining exposure.


It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.

So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is IAMGOLD Corp. (IAGSnapshot Report) . This Mining Gold stock has actually seen estimates rise over the past month for the current fiscal year by a significant margin. But that is not yet reflected in its price, as the stock gained only 2.1% over the same time frame.

IAMGOLD CORP Price and Consensus

IAMGOLD CORP Price and Consensus | IAMGOLD CORP Quote

You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is significant, which should ultimately translate into price appreciation.

And if this isn’t enough, IAG currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks’ portfolios and strategies here: About Zacks Performance).

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider IAMGOLD. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for IAG and that now might be an interesting buying opportunity.

This article is brought to you courtesy of Zacks Research.


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