Can IAMGOLD Reduce Its Valuation Discount versus Peers in 2018?
Historically, IAMGOLD (IAG) has traded at a lower valuation than its peers. However, after its significant turnaround in 2017 and year-to-date, its discount versus peers has fallen. Its discount for the last five years versus its intermediate peers (GDXJ), on average, was ~40%, which has shrunk to 15% currently. IAG stock is now trading at a forward multiple of 5.3x.