IAMGOLDNYSE: IAG

The International Consolidated Airline (IAG) share price has gone parabolic and is cruising after the company published strong financial results on Friday. It climbed by over 7% last week, reaching a high of 235p, its highest level since March 2020.

IAMGOLD shares gain 3% on better-than-expected Q3 results. Let us determine whether this is a good time to add the stock to your portfolio.

IAMGOLD Corporation (NYSE:IAG ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Graeme Jennings - VP, IR Renaud Adams - President and CEO Maarten Theunissen - CFO Conference Call Participants Lawson Winder - Bank of America Merrill Lynch Anita Soni - CIBC World Market Tanya Jakusconek - Scotiabank Simon Wildsmith - Canaccord Genuity Operator Thank you for standing by. This is the conference operator.

British Airways owner International Consolidated Airlines Group SA (LSE:IAG) has unveiled a €350 million (£291 million) share buyback after a jump in operating profit over the third quarter. Operating profit grew 15.4% to €2.01 billion over the three months to September on the back of a 7.9% increase in revenue to €9.33 billion, IAG reported on Friday.

IAG's Q3 results are likely to reflect higher gold prices and production. Let us analyze whether you should add the stock to your portfolio now.

British Airways owner International Consolidated Airlines Group SA (LSE:IAG) publishes third-quarter results on Friday with UBS expecting revenues of €9.3 billion against €8.6 billion or slightly above consensus. The Swiss bank is also higher than the consensus on profits, with its estimate for an operating surplus of €1.8 billion against the market's €1,77 billion and net income of €1.32 billion (€1.31 billion).

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Iamgold (IAG) concluded the recent trading session at $5.69, signifying a -1.39% move from its prior day's close.

All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce assay results from the 2024 drilling program completed at its Nelligan Project (100% owned by IAMGOLD) confirming the extension of the mineralized zones of the deposit.