10 Most Profitable Undervalued Stocks to Invest In

8. IAMGOLD Corporation (NYSE:IAG)

TTM Net Income: $1.00 billion

IAMGOLD Corporation (NYSE:IAG) is one of the most profitable undervalued stocks to invest in. On June 17, IAMGOLD amended its senior secured revolving credit facility, increasing the total commitment from $650 million to $850 million. The maturity date has been extended to June 17, 2030, and the agreement now includes a $250 million accordion feature to provide additional liquidity potential if approved by lenders. The facility currently remains undrawn.

IAMGOLD Corporation (NYSE:IAG) secured improved pricing on the facility, with the interest margin reduced to a range of 1.875% to 2.875% over SOFR, down from the previous 2.75% to 3.75%. Additionally, the maximum total net leverage ratio covenant was increased to 4.0x, and standby fees were lowered, allowing for higher availability without increasing standby costs.

CEO Renaud Adams stated that these changes strengthen the company’s financial position, lower its cost of capital, and offer greater flexibility to support the company’s operating portfolio and growth initiatives. The amended terms were supported by a syndicate of lenders led by the National Bank of Canada and RBC Capital Markets.

IAMGOLD Corporation (NYSE:IAG) is a mining company engaged in the exploration, development, and production of gold.