IAMGOLD Corporation (NYSE:IAG) does about 4.80M shares in volume on a normal day but saw 4270618 shares change hands in Monday trading. The company now has a market cap of 1.95B USD and an enterprise value of about $1.65B. Its current market price is $4.29, marking an increase of 0.23% compared to the previous close of $4.28. The 52 week high reached by this stock is $5.35 whilst the lowest price level in 52 weeks is $1.44. The script in recent trading has seen the stock touch a high of $4.41 and a low of $4.285.
IAMGOLD Corporation (IAG) has a 20-day trading average at $4.37 and the current price is -19.81% off the 52-week high compared with 197.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.37 and its 200-day simple moving average is $3.51. If we look at the stock’s price movements over the week, volatility stands at 4.87%, which increases to 5.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.86 to suggest the stock is neutral.
The median price target is 22.0% away from the current levels at $5.50.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 07, 2020 when BofA Securities downgraded the stock to “Underperform” and issued a price target of between $6.25 and $4.40.
The current price level is -2.61%, -1.41%, and 22.20% away from its SMA20, SMA50, and SMA200 respectively, with the IAG price moving above the 50-day SMA on August 31. IAMGOLD Corporation (IAG) stock is up 4.13% over the week and -13.86% over the past month. Its price is 15.01% year-to-date and 15.32% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2017, with the company’s earnings per share (EPS) of -$0.03 below consensus estimates by -$0.05. IAG’s earnings per share are forecast to grow by 50.00% this year and 55.60% over next year. Expected sales for next quarter are $294.02 million, which analysts say will come at $1.16 billion for the current fiscal year and next year at $1.26 billion. In addition, estimates put the company’s current quarterly revenue at an average of $301.19 million.
Outstanding shares total 471.70M with insiders holding 0.53% of the shares and institutional holders owning 81.71% of the company’s common stock. The company has a return on investment of -13.10% and return on equity of -15.20%. The forward price to earnings ratio is 7.49. The beta has a value of 0.97. Price to book ratio is 0.87 and price to sales ratio is 1.73.
According to a U.S. Securities and Exchange Commission filing, Vanguard Selected Value Fund has reduced its position in IAMGOLD Corporation (IAG) to 27,500,033 shares, mirroring a recent drop by -8.47%. Vanguard Selected Value Fund dumped -2.55 million shares of IAMGOLD Corporation common stock bringing its total worth to about $136.95 million at the end of recent close, SEC documents show. Vanguard Selected Value Fund isn’t the only investment manager who changed stakes and is followed by VanEck Vectors – Gold Miners ETF, which added 77480.0 shares to end up with 25,507,501 shares worth $127.03 million. LF Ruffer Investment Funds – Gold raise their holdings by 3.84% in the company over the course of the most recent quarter. It now holds a 4.67% position in IAMGOLD Corporation thanks to 22.07 million shares amounting to $109.91 million.