Seeking Alpha
11 Nov 2026, 13:43 UTC · 2h ago
Iamgold: The Stock Went Up, But It Got Cheaper
Impact · against what's priced in
The news is marginally positive for IAG as it highlights deep-value multiples and improved cash flow, though the market has already begun reacting to the Côté royalty buyback. For FNV, the sale of the Côté royalty represents a loss of long-term asset yield.
- IAG+0.60
No priced-in read yet
- In context
The $525M royalty buyback from Franco-Nevada and a forward EBITDA multiple under 5x suggest the stock remains undervalued relative to its cash flow growth.
Read from the article alone
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