Hebba Investments
Long only, value, contrarian, gold & precious metals

Iamgold's First-Quarter Report May Offer A Positive Surprise For Investors As Cost-Cutting Efforts Pay Off

For most gold investors, 2014 has started out with a bang, as almost all the gold miners and explorers are up by double-digit gains year-to-date. In fact, an investor would be hard-pressed to find any miner that hasn't been well into the green this year, but some have significantly underperformed both the mining indexes and gold itself - Iamgold (NYSE:IAG) is one of those companies, and that has piqued our interest.

(click to enlarge)

As investors can see, while the Market Vectors Gold Miner index (NYSEARCA:GDX) has registered a strong 11% gain YTD and gold has increased by 7.43% (as measured by GLD), Iamgold has significantly underperformed both assets.

Whenever we see clear underperformance in...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details