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IAMGOLD remains a Buy with strong assets and undervalued stock despite solid earnings.

Analyst Insights
11 Sep 2026
Seeking Alpha
View Source
Bullish
IAMGOLD remains a Buy with strong assets and undervalued stock despite solid earnings.

IAMGOLD is recommended as a Buy, trading at about 8 times forward earnings with a strong balance sheet and a top-tier Canadian mine operating at full capacity. The company’s Côté and Gosselin zones now form a combined deposit exceeding 20 million ounces, with an important technical report expected in Q4. Despite generating $2.2 billion in adjusted EBITDA, IAMGOLD’s valuation is significantly discounted compared to sector averages, with key financial multiples about 40% lower. Management is focused on disciplined, phased expansion at the Côté mine, prioritizing cost-effective improvements before larger investments.

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