Iamgold (Iamgold) 6-1 Month Momentum %

: 28.21% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Iamgold's 6-1 Month Momentum % is 28.21%.

The industry rank for Iamgold's 6-1 Month Momentum % or its related term are showing as below:

IAG's 6-1 Month Momentum % is ranked better than
82.47% of 2544 companies
in the Metals & Mining industry
Industry Median: -10.83 vs IAG: 28.21

Competitive Comparison

For the Gold subindustry, Iamgold's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Iamgold 6-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Iamgold's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Iamgold's 6-1 Month Momentum % falls into.

Iamgold (NYSE:IAG) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iamgold (NYSE:IAG) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Iamgold 6-1 Month Momentum % Related Terms

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Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.