最新ニュース Iamgold (NYSE:IAG) 株価情報

Iamgold

Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Burkina Faso - Essakane mine, Canada - Doyon division, including Westwood mine. The company's s non-gold mine segments are the Cote Gold project, Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Burkina Faso segment.

Iamgold Corp

iShares International Aggregate Bond Fund

Imagenetix Inc

WIIM

GOLD

PAAS

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver, which are rebounding after falling last week.

U.S. stocks were mixed, with the Dow Jones index falling around 80 points on Monday.
Shares of Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) rose sharply during Monday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/TWST">fourth-quarter EPS and sales</a>.
Twist Bioscience reported a quarterly loss of 59 cents per share which beat the analyst consensus estimate of a loss of 70 cents per share. The company reported quarterly sales of $84.71 million which beat the analyst consensus estimate of $82.20 million.
Twist Bioscience shares jumped 10.7% to $40.86 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) shares gained 19% to $20.67.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares surged 19% to $22.12. This surge comes as the company faces potential delisting from the Nasdaq Stock Market.</li>
<li>Amylyx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMLX#NASDAQ">AMLX</a>) shares climbed 17% to $5.56 after Baird upgraded the stock from Neutral to Outperform and raised its price target from $3 to $11.</li>
<li>REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) shares climbed 17% to $11.30 after the company announced dosing the first patient in its pivotal trial for Duchenne gene therapy.</li>
<li>Destiny Tech100 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NASDAQ">DXYZ</a>) shares gained 16.2% to $37.41.</li>
<li>Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) shares rose 14.6% to $51.00. Semler Scientific announced it acquired 215 bitcoins for $17.7 million in cash, at an average price of $82,502 per bitcoin, inclusive of fees and expenses, during the period between Nov. 6 and Nov. 15.</li>
<li>Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) rose 14% to $5.36.</li>
<li>REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) gained 13.2% to $10.90 after the company announced dosing the first patient in its pivotal trial for Duchenne gene therapy.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) rose 8.1% to $16.20.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) shares rose 7.4% to $18.90. Zeta Global said David A. Steinberg, Zeta&#8217;s Co-Founder, Chairman and CEO, members of the Company&#8217;s leadership, and members of the Board of Directors intend to purchase shares of Zeta&#8217;s Class A common stock on Monday.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) gained 7.2% to $5.35.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) rose 6.8% to $5.28.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares gained 6.1% to $340.21 following reports of President-elect Donald Trump&#8217;s policy outlook on regulations for autonomous driving.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rose 4% to $4.6650.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42035732/jim-cramer-super-group-basic-materials-stock-is-very-hard-to-own-here">Jim Cramer: Super Group Finally &#8216;Broke Out,&#8217; This Basic Materials Stock Is &#8216;Very Hard To Own Here&#8217;</a></li>
</ul>

News

Intraday Update

Markets

Movers

Trading Ideas

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

DXYZ

MBLY

RCAT

RGNX

SMCI

SMLR

TSLA

TWST

ZETA

Twist Bioscience Posts Upbeat Results, Joins Tesla, Amylyx Pharmaceuticals, Regenxbio And Other Big Stocks Moving Higher On Monday

Every quarter, I track the 13F filings at the SEC. These are the reports filed by money managers of all stripes that show what the funds owned during the most recent quarter. When you compare the current list to the prior quarter, you come away with a clear picture of what institutions are buying for their customers and themselves.
When I started in the business, it took several days past the deadline to get a copy of the filings. I would go through the current and previous filings with a ruler and a yellow highlighter to track the changes. It was laborious but profitable. Today, the filings are made available instantly, and the portfolios and changes are posted to the internet instantly.
The Thundering Herd of Wall Street and the Instant Experts of the Internet will flock to read the filings of the best-known money managers and investors. Obviously, Warren Buffett gets a lot of attention. So do Carl Icahn and Cathie Wood. Bill Ackman also garners some attention. The number of people who dig deeper to find managers that are doing business away from the spotlights and consistently delivering high returns is small.
The famous investors are famous because they did well over time. However, they now manage billions of dollars, and their opportunity set is limited to large-cap stocks. You can do okay with their stocks, but if you want better than okay, you have to dig deeper.
If you joined the circus of Buffettology and just owned the top 20 holdings of Berkshire Hathaway for the last 10 years, you have earned about half the return of the S&amp;P 500. You did much worse as an Icahn clone investor. A very small portion of Klarman&#8217;s fund is invested in stocks these days as he finds bargains in other asset classes like debt and real estate. The stocks Baupost Fund has purchased have not been big winners for the most part.
If you could make the same derivatives bets Bill Ackman made when he made them, you would have done pretty well. If you just bought the stocks he did, you would have lagged the indexes. If you bought the top 20 stocks held by Donald Smith and Company, you would have crushed the market over the last decade. You would have crushed the market for over 20 years cloning this unknown investment firm.
You would have never owned the most exciting stocks. About half the time, you would have trailed the index in a given calendar year. In the years you outperformed, you outperformed by a massive margin.
This approach is incredibly boring.
Donald Smith and Company focuses on the bottom 10% of the stock market as measured by price-to-book value. They narrow the universe down to the cheapest ones and buy the ones they think have the highest potential for recovery. They have done that for over 40 years with exceptional results. Elections, crashes, melt-ups, and meltdowns have come and gone, and this firm just keeps its head down and buys cheap stocks.
As it turns out, boring is profitable.
Founder Donald Smith passed away in 2019, but his associates have kept the firm going with the same mission. The top 20 holdings contain no tech stocks. They do not even own a single tech stock or uranium miner. Donald Smith and Company owns some insurance companies, energy firms, homebuilders, REITs, and even steel companies.
Using their 13F filings to manage your portfolio or find ideas would have delivered market-beating returns that grew your wealth at a much faster pace than owning an index fund. $10,000 invested in the index with dividends reinvested would have piled up to a total of about $67,300. Shamelessly cloning the Donald Smith and Company portfolio would have given you over $151,000.
Today is the deadline for 13F filings covering holdings on September 30, 2024. The Instant Experts and talking heads will be out discussing what the famous investors have been doing. The key is to focus on what the investors who are still crushing the market are doing. We will talk more about this idea over the next week. For now, here are the top 20 stocks owned by Donald Smith and Company as of the end of the third quarter:

<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Aercap holdings</td>
<td>(Ticker: AER)</td>
</tr>
<tr>
<td>Eldorado Gold</td>
<td>(Ticker: EGO)</td>
</tr>
<tr>
<td>M/i &nbsp;Homes</td>
<td>(Ticker: MHO)</td>
</tr>
<tr>
<td>Jackson Financial</td>
<td>(Ticker: JXN)</td>
</tr>
<tr>
<td>Unum</td>
<td>(Ticker: UNM)</td>
</tr>
<tr>
<td>Genworth</td>
<td>(Ticker: GNW)</td>
</tr>
<tr>
<td>US Steel</td>
<td>(Ticker: X)</td>
</tr>
<tr>
<td>Iamgold</td>
<td>(Ticker: IAG)</td>
</tr>
<tr>
<td>Civitas</td>
<td>(Ticker: CIVI)</td>
</tr>
<tr>
<td>Taylor Morrison Homes</td>
<td>(Ticker: TMHC)</td>
</tr>
<tr>
<td>Howard Hughes Corporation</td>
<td>(Ticker: HHH)</td>
</tr>
<tr>
<td>Corebridge</td>
<td>(Ticker: CRBG)</td>
</tr>
<tr>
<td>Golar LNG</td>
<td>(Ticker: GLNG)</td>
</tr>
<tr>
<td>Park Hotles and Resorts</td>
<td>(Ticker: PK)</td>
</tr>
<tr>
<td>Equinox Gold</td>
<td>(Ticker: EQX)</td>
</tr>
<tr>
<td>Beazer Homes</td>
<td>(Ticker: BZH)</td>
</tr>
<tr>
<td>Siriuspoint ltd</td>
<td>(Ticker: SPNT)</td>
</tr>
<tr>
<td>Radian Group</td>
<td>(Ticker: RDN)</td>
</tr>
<tr>
<td>Ternium</td>
<td>(Ticker: TX)</td>
</tr>
<tr>
<td>Ally Financial</td>
<td>(Ticker: ALLY)</td>
</tr>
</tbody>
</table>
</figure>

Opinion

ALLY

CIVI

GLNG

SPNT

TMHC

C-Suite Buys of the Week: November 14, 2024

SBSW

USGO

Shares of precious metals stocks are trading lower as gold prices drop amid a rise in the US dollar.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

<h3 class="wp-block-heading">Trump Will Fix It&nbsp;</h3>
In my previous post (<a href="https://www.zerohedge.com/news/2024-11-06/post-trump-victory-trade">The Post-Trump Victory Trade</a>), I highlighted a half dozen stocks in which my subscribers and I had positions that had double digit gains the day after Trump&#8217;s election victory. In response, a commenter wrote, &#8220;Well, I didn&#8217;t like any of those trades, so I will stick to my Gold and Silver.&#8221;.&nbsp;
As it happened, the day after Trump&#8217;s victory, was also the day of the &#8220;<a href="https://www.zerohedge.com/the-market-ear/great-gold-puke">Great Gold Puke</a>&#8220;, as The Market Ear put it:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><h3 class="wp-block-heading">All good things&#8230;</h3>
&#8230;.must come to an end. Gold is puking, putting in the biggest down candle in forever as it breaks below the short term trend channel. The 50 day comes in around $2635, and the bigger trend line around $2600.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="532" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08195017/Gold-1024x532.png" alt="" class="wp-image-3141" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08195017/Gold-1024x532.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08195017/Gold-300x156.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08195017/Gold-768x399.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08195017/Gold.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> 
<cite>Refinitiv</cite></blockquote>
Why would gold tumble after Trump&#8217;s victory? Perhaps there&#8217;s a clue in the Trump campaign&#8217;s slogan, &#8220;Trump will fix it&#8221;. One of the things Trump will fix is the elevated geopolitical risk the world has seen over the last few years, starting with the Russia-Ukraine War, and extending to the wars in the Mideast between Israel and Hamas, and Israel and Iran, and tensions between China and Taiwan.&nbsp;
<h3 class="wp-block-heading">Geopolitical Risk Is Already Starting To Ebb</h3>
The geopolitical risk premium is a key factor influencing the price of precious metals like gold and silver, as they are traditionally seen as a haven during times of instability and war. Given that, note what has happened since Trump&#8217;s victory:&nbsp;
<ul>
<li>Hamas <a href="https://x.com/DonaldJTrumpJr/status/1854516506169585796">has called for</a> an end to its war with Israel. </li>
<li>Russian President Vladimir Putin&nbsp;<a href="https://www.zerohedge.com/geopolitical/putin-praises-courageous-trump-hints-ukraine-talks-phone-call-likely">has congratulated Trump</a>&nbsp;on his victory, praised Trump&#8217;s bravery during the first assassination attempt on him, and expressed an openness toward talks aimed at ending the Ukraine war. Peace between the U.S. and Russia would facilitate peace in the Mideast and elsewhere, given Russia&#8217;s ties to Iran, China, and other key countries.&nbsp;</li>
<li>China&#8217;s President Xi <a href="https://x.com/XHNews/status/1854396381982830623">also extended congratulations</a> and an olive branch to Trump.</li>
</ul>
If Trump succeeds in ending the wars in Eastern Europe and the Mideast, and calming tensions across the Taiwan Strait, that would further reduce gold&#8217;s geopolitical risk premium.&nbsp;
<h3 class="wp-block-heading">The Deflationary Potential Of Trump&#8217;s Domestic Policies </h3>
You&#8217;re probably thinking now that even if peace starts to break out, high inflation is baked into the cake because of government spending, and that should boost the price of gold. Consider, though, the deflationary potential of Trump&#8217;s proposed policies, and those of his close allies.&nbsp;&nbsp;
<ul>
<li>Trump&#8217;s tariffs. Critics of tariffs often point out that they are, effectively, a regressive tax on domestic consumers. This is actually true, and like all regressive taxes, they are deflationary. Just as throwing money and low income Americans boosted inflation during COVID, an effective regressive tax on them would cool inflation.&nbsp;</li>
<li>Trump&#8217;s deportations.&nbsp;Deporting millions of illegal aliens&#8211;or deporting a smaller number and prompting millions more to self-deport&#8211;will have a deflationary effect on sectors such as housing, as there will be fewer consumers competing for the same number of homes.&nbsp;</li>
<li>RFK, Jr.&#8217;s campaign against chronic disease. Every case of diabetes and other chronic diseases RFK, Jr. can prevent with changes to American food policy means a reduction of tens of thousands, if not hundreds of thousands of dollars in health care spending. That would cool healthcare inflation.&nbsp;</li>
<li>Elon Musk&#8217;s Department Of Government Efficiency. Elon Musk has spoken about slashing the number of federal employees (something Vivek Ramaswamy pointed out could be done while avoiding Civil Service regulations) and cutting government waste. That would be deflationary too.&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Much Of This Is Likely To Happen&nbsp;</h3>
We all remember how Trump was stymied in his first term, but he is in a much stronger position now. He won a landslide victory, and is now the undisputed leader of the Republican Party. Plus, he has much smarter, and more competent people on his side now, such as Elon Musk. None of this is particularly good for gold and silver prices.&nbsp;
<h3 class="wp-block-heading">Taking My Own Counsel&nbsp;</h3>
On Thursday, I exited the two gold positions I had, in&nbsp;Olra Mining&nbsp;(ORLA) and IAMGOLD&nbsp;(IAG), as you can see below, in my list of trade exits for this week.&nbsp;
Stocks or Exchange Traded Products
<ol>
<li>Lantheus Holdings&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>). Bought at $94.84 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-8152024/comment/65674302" target="_blank" rel="noreferrer noopener">8/16/2024</a>; stopped out at $96.99 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-8152024/comment/75900731" target="_blank" rel="noreferrer noopener">11/6/2024</a>.&nbsp;Profit: 2.3%.</li>
<li>Orla Mining&nbsp;(<a href="https://substack.com/discover/stocks/ORLA" target="_blank" rel="noreferrer noopener">ORLA 4.11%↑</a>). Bought for an effective price of $2.90 on&nbsp;<a href="https://portfolioarmor.substack.com/p/an-oversold-gold-miner" target="_blank" rel="noreferrer noopener">11/17/2023</a>&nbsp;(I sold $5 strike puts on it for $2.10, and those puts exercised on 11/17/2023); sold for $4.60 on&nbsp;<a href="https://portfolioarmor.substack.com/p/an-oversold-gold-miner/comment/76086457" target="_blank" rel="noreferrer noopener">11/7/2024</a>.&nbsp;Profit: 59%.</li>
</ol>
Options
<ol>
<li>Call spread on&nbsp;Super Micro Computer&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>). Entered at a net debit of $0.33 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-ai-da2" target="_blank" rel="noreferrer noopener">11/4/2024</a>; will expire worthless on 11/8/2024.&nbsp;Loss: 100%.</li>
<li>Calls on&nbsp;IAMGOLD&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>). Bought for $0.75 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-gold" target="_blank" rel="noreferrer noopener">10/8/2024</a>; sold (second half) for $1.15 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-gold/comment/76091886" target="_blank" rel="noreferrer noopener">11/7/2024</a>.&nbsp;Profit: 53%.</li>
<li>Calls on&nbsp;Emergent BioSolutions&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>). Bought for $2.05 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-biotech" target="_blank" rel="noreferrer noopener">8/30/2024</a>; sold for $4.10 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-biotech/comment/76086955" target="_blank" rel="noreferrer noopener">11/7/2024</a>.&nbsp;Profit: 100%.</li>
<li>Call spread on TG Therapeutics (<a href="https://substack.com/discover/stocks/TGTX" target="_blank" rel="noreferrer noopener">TGTX 2.33%↑</a>). Entered at net debit of $0.33 on <a href="https://portfolioarmor.substack.com/p/trade-alert-biotech" target="_blank" rel="noreferrer noopener">8/30/2024</a>; exited at a net credit of $0.94 on <a href="https://portfolioarmor.substack.com/p/trade-alert-biotech/comment/76253379" target="_blank" rel="noreferrer noopener">11/8/2024</a>. Profit: 184%.</li>
<li>Call spread on&nbsp;Tesla&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Entered at a net debit of $1.63 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-evs/comment/76235063" target="_blank" rel="noreferrer noopener">4/8/2024</a>; exited at net credit of $4.74 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-evs/comment/76235063" target="_blank" rel="noreferrer noopener">11/8/2024</a>.&nbsp;Profit: 191%.</li>
<li>Call spread on&nbsp;Innodata&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>). Entered at $0.33 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-24f" target="_blank" rel="noreferrer noopener">8/13/2024</a>; exited at $0.97 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-24f/comment/76235562" target="_blank" rel="noreferrer noopener">11/8/2024</a>.&nbsp;Profit: 194%.</li>
<li>Call spread on&nbsp;Powell Industries&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>). Entered at a net debit of $1.60 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-small-cap-industrial" target="_blank" rel="noreferrer noopener">8/13/2024</a>; exited at a net credit of $4.75 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-small-cap-industrial/comment/76088210" target="_blank" rel="noreferrer noopener">11/7/2024</a>.&nbsp;Profit: 197%.</li>
<li>Calls on&nbsp;Travelzoo&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZOO#NASDAQ">TZOO</a>). Bought at $1 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-small-cap-crypto" target="_blank" rel="noreferrer noopener">7/23/2024</a>; sold (half) at $8.30 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-small-cap-crypto/comment/75897738" target="_blank" rel="noreferrer noopener">11/6/2024</a>.&nbsp;Profit: 730%.</li>
</ol>
<h2 class="wp-block-heading">The Post-Trump Victory Trade We&#8217;re Buying Now</h2>
Trump&#8217;s victory means China is going to have to stimulate its economy more aggressively (because it won&#8217;t be able to export as much to the U.S. with Trump&#8217;s tariff).&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Donald Trump's second US presidency is likely to prompt aggressive China stimulus&quot; &#8211; Devan Kaloo, global head of equities at abrdn <a href="https://t.co/hVPBus1Bde">https://t.co/hVPBus1Bde</a>
&mdash; zerohedge (@zerohedge) <a href="https://twitter.com/zerohedge/status/1854379142952726692?ref_src=twsrc%5Etfw">November 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
That stimulus will boost companies doing business in China&#8217;s domestic market. One of those companies hit our&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-1172024">top ten names</a>&nbsp;last night, and my subscribers and I placed a trade on it today.&nbsp;
<figure class="wp-block-image size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-trump-china"><img loading="lazy" decoding="async" width="922" height="816" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08200010/Trump-China-Trade.jpg" alt="" class="wp-image-3142" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08200010/Trump-China-Trade.jpg 922w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08200010/Trump-China-Trade-300x266.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08200010/Trump-China-Trade-768x680.jpg 768w" sizes="(max-width: 922px) 100vw, 922px" /></a><figcaption class="wp-element-caption">Click on the image to go to the post. </figcaption></figure>
If you&#8217;d like a heads up when we place our next trade, feel free to subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08204717/Widget-1.jpg" alt="" class="wp-image-3152" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08204717/Widget-1.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/08204717/Widget-1-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>
And if you are concerned about market risk, you can download our optimal hedging app by pointing your iPhone camera at the QR code below, or by clicking on it. 
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After Trump's Win, It's Time To Take Profits On Gold

Iamgold shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.10 by 80 percent. This is a 1900 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $438.900 million which missed the analyst consensus estimate of $438.910 million by 0 percent. This is a 95.50 percent increase over sales of $224.500 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Iamgold Q3 2024 Adj. EPS $0.18 Beats $0.10 Estimate, Sales $438.900M Miss $438.910M Estimate

Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) is preparing to release its quarterly earnings on Thursday, 2024-11-07. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Iamgold to report an earnings per share (EPS) of $0.10.
Anticipation surrounds Iamgold's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
Last quarter the company beat EPS by $0.09, which was followed by a 16.3% increase in the share price the next day.
Here's a look at Iamgold's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.07</td>
<td>0.02</td>
<td>0.02</td>
<td>0</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.11</td>
<td>0.06</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>16.0%</td>
<td>12.0%</td>
<td>2.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730908886_0.png" alt="eps graph" />
<h3>Performance of Iamgold Shares</h3>
Shares of Iamgold were trading at $5.33 as of November 05. Over the last 52-week period, shares are up 125.43%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/IAG/earnings">To track all earnings releases for Iamgold visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Iamgold

Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) is set to give its latest quarterly earnings report on Thursday, 2024-08-08. Here's what investors need to know before the announcement.
Analysts estimate that Iamgold will report an earnings per share (EPS) of $0.07. 
Investors in Iamgold are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
During the last quarter, the company reported an EPS beat by $0.09, leading to a 11.69% increase in the share price on the subsequent day.
Here's a look at Iamgold's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.07</td>
<td>0.02</td>
<td>0.02</td>
<td>0</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.11</td>
<td>0.06</td>
<td>-0.01</td>
</tr>
<tr>
<td>Price Change %</td>
<td>16.0%</td>
<td>12.0%</td>
<td>2.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730743252_0.png" alt="eps graph" />
<h3>Performance of Iamgold Shares</h3>
Shares of Iamgold were trading at $5.4 as of November 01. Over the last 52-week period, shares are up 121.51%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/IAG/earnings">To track all earnings releases for Iamgold visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Iamgold's Earnings Potential

<h3 class="wp-block-heading">Why Gold Could Decline Under Trump&nbsp;</h3>
Conventional wisdom holds that fiscal expansion will continue under Trump, fueling further inflation and extending the record rally in precious metals. That could very well happen. But there are a few proposed Trump policies that could be deflationary:&nbsp;
<ul>
<li>Tariffs. Critics call this a tax on American consumers. To the extent that it is a tax, it would be deflationary, by causing consumers to spend less.&nbsp;</li>
<li>Deportations. If Trump actually deports millions of illegal aliens, that would be deflationary, for two reasons. First, we&#8217;d have fewer people competing for the same housing and other resources. And second, it would reduce the enormous government spending that subsidizes housing and other costs for these aliens.&nbsp;</li>
<li>Drilling. Expanding domestic energy production, as Trump has promised to do, would, all else equal, be deflationary.&nbsp;</li>
<li>Peace. If Trump succeeds in his goals of ending the Ukraine and Mideast wars, that should lower the costs of energy and other commodities. And if the peace deal is accompanied by a removal of sanctions, that would increase the supply of energy too. Peace would also lower the geopolitical risk premium component of gold&#8217;s current price.&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Hedging Against A Drop In Gold&nbsp;</h3>
If you&#8217;re long gold, one thing you can do to lower your risk of a drop in gold is to take some profits.
We did that ourselves recently. We sold half of our calls on&nbsp;IAMGOLD&nbsp;Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>), for a 100% gain. 
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-gold"><img loading="lazy" decoding="async" width="923" height="816" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013518/Gold.jpg" alt="" class="wp-image-2619" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013518/Gold.jpg 923w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013518/Gold-300x265.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013518/Gold-768x679.jpg 768w" sizes="(max-width: 923px) 100vw, 923px" /></a><figcaption class="wp-element-caption">Click on the truck to go to the post.</figcaption></figure>
Another thing you can do to lower your risk, is to buy optimal puts on&nbsp;SPDR Gold Shares&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>). For example, as of Tuesday&#8217;s close, these were the optimal puts to hedge against a &gt;9% decline in GLD over the next 6 months.&nbsp;
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="500" height="777" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013901/GLD-Hedge-1.jpg" alt="" class="wp-image-2621" style="width:auto;height:450px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013901/GLD-Hedge-1.jpg 500w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/23013901/GLD-Hedge-1-193x300.jpg 193w" sizes="(max-width: 500px) 100vw, 500px" /></a><figcaption class="wp-element-caption">Screen capture via the Portfolio Armor iPhone app on 10/22/2024.</figcaption></figure>
If you&#8217;d like to stay in touch
You can find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>. And you can become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
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Why A Trump Win Could Be A Headwind For Gold

CIBC analyst Anita Soni maintains Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) with a Neutral and raises the price target from $5.4 to $6.4.

Price Target

Analyst Ratings

CIBC Maintains Neutral on Iamgold, Raises Price Target to $6.4

Canaccord Genuity analyst Carey Macrury upgrades Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) from Hold to Buy and raises the price target from C$7.75 to C$10.5.

Upgrades

Canaccord Genuity Upgrades Iamgold to Buy, Raises Price Target to C$10.5

Shares of gold and silver companies are trading higher. Precious metals have recently gained on macro uncertainty amid Middle East conflict and the upcoming US presidential election.

RBC Capital analyst Wayne Lam reiterates Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) with a Sector Perform and maintains $6 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Iamgold, Maintains $6 Price Target

GATO

SAND

SSRM

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

Iamgold shares are trading higher after National Bank Financial upgraded the stock from Sector Perform to Outperform and raised its price target from $8.5 to $11.

National Bank Financial Inc analyst Mike Parkin upgrades Iamgold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) from Sector Perform to Outperform and raises the price target from $8.5 to $11.

National Bank Financial Inc Upgrades Iamgold to Outperform, Raises Price Target to $11

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Thursday.
Shares of LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) rose sharply during <a href="https://www.benzinga.com/quote/LXU/analyst-ratings">Thursday's session</a>.
UBS analyst Joshua Spector upgraded LSB Industries from Neutral to Buy and raised the price target from $9.5 to $11.
LSB Industries shares jumped 11.8% to $9.34 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Standard Lithium Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLI#NYSE">SLI</a>) shares jumped 13.9% to $2.1750.</li>
<li>GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) gained 13% to $57.47. On Wednesday, Citigroup analyst Ariel Rosa initiated coverage on GXO Logistics with a Buy rating and announced a price target of $60.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 9.2% to $22.46.</li>
<li>Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) rose 9% to $18.49.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) gained 8% to $25.11. Symbotic announced an agreement to implement multiple industry-leading warehouse automation systems for Walmex and strategic international expansion in Mexico.</li>
<li>American Coastal Insurance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) gained 7% to $10.03.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) climbed 6.6% to $7.53. EVgo entered into new MoU with longtime technology partner Delta Electronics to jointly develop next-generation EV charging architecture.</li>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) shares climbed 6.5% to $32.48.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) gained 5.3% to $4.7900.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41270889/this-nike-analyst-turns-bullish-here-are-top-5-upgrades-for-thursday">This Nike Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday</a></li>
</ul>

ACIC

CELH

EVGO

LSB Industries, Symbotic And Other Big Stocks Moving Higher On Thursday

FMC Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) stock looks promising at the moment. It benefits from efforts to expand its product portfolio through new product launches and its restructuring actions.
Let&#39;s see what makes FMC stock a compelling investment option at the moment.
<h2>FMC Stock Outperforms Industry</h2>
FMC has outperformed the industry it belongs to over the past three months. The company&#39;s shares have gained 13.8% compared with a 7.7% rise of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c7/80480.jpg?v=1918707670" />
Image Source: Zacks Investment Research
<h2>FMC&#39;s Valuation Looks Attractive</h2>
FMC&#39;s attractive valuation should lure investors seeking value. The stock is currently trading at a forward 12-month earnings multiple of 14.52X, representing a roughly 12.4% discount when stacked up with the industry average of 16.58X. FMC also has a Value Score of B.
<h2>FMC&#39;s Earnings Estimates Going Up</h2>
Earnings estimates for FMC have been going up over the past 60 days. The Zacks Consensus Estimate for 2024 has increased by 0.6%. The consensus estimate for 2025 has also been revised 3.5% upward over the same time frame.
<h2>New Products, Restructuring Actions Aid FMC Stock</h2>
FMC remains focused on strengthening its product portfolio. It is investing in technologies as well as new product launches to enhance value to the farmers. New products launched in Europe, North America and Asia are gaining significant traction. Product introductions are expected to support the company&#39;s results this year.
FMC generated $590 million in sales in 2023 from new products launched in the past five years. It expects revenues from new products to grow by roughly $200 million in 2024. It expects a significant amount of volume growth to come from new products in the second half of 2024. FMC is seeing strong gains in new products including Coragen eVo and Premio Star insecticides and the Onsuva fungicide in Latin America.
The acquisition of BioPhero ApS, a Denmark-based pheromone research and production company, also adds biologically produced state-of-the-art pheromone insect control technology to the company&#39;s product portfolio and R&amp;D pipeline, highlighting FMC&#39;s role as a leader in delivering innovative and sustainable crop protection solutions.
The company is also expected to benefit from reduced input costs, favorable product mix and its cost-control actions. It benefited from favorable input costs in the second quarter of 2024. FMC is also making progress with its global restructuring and cost-reduction program. It sees benefits from restructuring to contribute $75-$100 million to full-year 2024 adjusted EBITDA, net of inflation.
<div class="chart_embed">
<h3>FMC Corporation Price and Consensus</h3>
<img alt="FMC Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/17/1728291628.png" style="height:265px; width:576px" title="" />
FMC Corporation price-consensus-chart | FMC Corporation Quote
</div>
<h2>FMC&#39;s Zacks Rank &amp; Other Key Picks</h2>
FMC currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the Basic Materials space are IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>), Cabot Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbt#NYSE">CBT</a>) and Axalta Coating Systems Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axta#NYSE">AXTA</a>). While IAMGOLD sports a Zacks Rank #1 (Strong Buy), Cabot and Axalta Coating carry a Zacks Rank #2.
The Zacks Consensus Estimate for IAMGOLD&#39;s current-year earnings has increased by 45.4% in the past 60 days. IAG beat the consensus estimate in each of the last four quarters with the average surprise being 200%. Its shares have shot up roughly 132% in the past year.
The consensus estimate for Cabot&#39;s current fiscal year earnings is pegged at $7.07 per share, indicating a year-over-year rise of 31.4%. The consensus estimates for CBT&#39;s current-year earnings has increased by 4.3% in the past 60 days. The company&#39;s shares have rallied roughly 61% in the past year.
The Zacks Consensus Estimate for Axalta Coating&#39;s current year earnings is pegged at $2.07, indicating a rise of 31.9% from year-ago levels. The Zacks Consensus Estimate for AXTA&#39;s current year earnings has increased 2.5% in the past 60 days. The stock has gained around 32% in the past year.
<a href="https://www.zacks.com/stock/news/2346902/here-s-why-you-should-add-fmc-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2346902">To read this article on Zacks.com click here.</a>

Mid Cap

Penny Stocks

AXTA

Here's Why You Should Add FMC Stock to Your Portfolio Now

IAMGOLD (TSE:IMG) has released an update. IAMGOLD Corporation's CEO, Renaud Adams, has certified the company's interim financial filings for the pe...

IAMGOLD Confirms Accurate and Transparent Financial Filings

IAMGOLD (TSE:IMG) has released an update. IAMGOLD Corporation reported a strong third quarter in 2024, with year-to-date gold production reaching 4...

IAMGOLD's Strong Q3 and Strategic Moves in 2024

IAMGOLD Corporation 2024 Q3 - Results - Earnings Call Presentation

In a report released today, Tanya Jakusconek from Scotiabank maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of $5...

IAMGOLD (IAG) Gets a Hold from Scotiabank

In a report released today, Ingrid Rico from Stifel Nicolaus maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of C$...

IAMGOLD (IAG) Gets a Hold from Stifel Nicolaus

IAMGOLD Corporation (IAG) Q3 2024 Earnings Conference Call Transcript

IAMGOLD Corp ( ($IAG) ) has released its Q3 earnings. Here is a breakdown of the information IAMGOLD Corp presented to its investors. IAMGOLD Corpo...

IAMGOLD Corp Reports Strong Q3 2024 Results

Scotiabank raised the firm's price target on IAMGold (IAG) to $6.25 from $5.50 and keeps a Sector Perform rating on the shares. The company is comp...

IAMGold price target raised to $6.25 from $5.50 at Scotiabank

Precious Metals Royalty And Streaming Companies: The October Report

Scotiabank raised the firm's price target on IAMGold (IAG) to $6.75 from $6.25 and keeps a Sector Perform rating on the shares. The firm has adjust...

IAMGold price target raised to $6.75 from $6.25 at Scotiabank

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ELEMF

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MAUTF

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SGLDF

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STRFF

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Press Releases

On the Heels of Inflation, Why Experts Expect Gold Prices Will Climb to Record Highs in 2025

IAMGOLD Submits Formal 60 Days Notice to Sumitomo for Repurchase of 9.7% Cote Gold Mine Interest

IAMGOLD Provides Update on Media Reports Concerning Burkina Faso

IAMGOLD Provides Notice of Third Quarter 2024 Results and Conference Call

IAMGOLD Announces Update on Côté Gold Mine Operations and Exploration Ahead of Mine Tour

METALLA REPORTS PORTFOLIO UPDATES

IAMGOLD Announces Assay Results from 2024 Nelligan Drilling Program

As Gold Nears Record Highs, Analysts See Major Upside in Mining Stocks

IAMGOLD Reports Third Quarter 2024 Results

Power Nickel Inc. Reports High-Grade Discovery at Lion Zone with Strong Investor Momentum

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