Iamgold Corp. (NYSE:IAG) currently has a daily average trading volume of 7.82M but it saw 7466715 shares traded in last market. With a market cap of 1.49B USD, the company’s current market price of $3.01 came falling about -2.27 while comparing to the previous closing price of $3.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.34 and as low as $1.99.
Taking a look at 20-day trading activity of Iamgold Corp. (IAG) gives us an average price of $2.92, while its current price level is -9.75% below from 52-week high level whereas it is 51.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.65 while that of 200 days or SMA-200 reads an average of $2.51. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.90% during that period while stretching the period over a month that increases to 4.99%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.67 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which upgraded the stock as “Sector Perform” in its note to investors issued on September 12, 2023, recommending a price target of between $1.75 and $2.75 for it. BMO Capital Markets upgraded its recommendation for the stock as a “Outperform” from “Market Perform” on May 01, 2023 while assigning a price target range of $2-$3.25.
Over the week, IAG’s stock price is moving -1.95% down while it is 18.04% when we observe its performance for the past one month. Year-to-date it is 18.97% up and over the past year, the stock is showing an upside performance of 24.38%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.06 beat the consensus estimate of $0.02 for the same. For IAG, analysts are forecasting an EPS-growth rate of 22.20% for current year and estimate for EPS growth in next year is 100.00%. In next quarter, company is expected to be making quarterly sales of $275.09 million as analysts are expecting the sales for current fiscal year at $1.25 billion and seeing the company making $1.72 billion in sales next year. Moreover, analysts are in estimates of $235.87 million for current-quarter revenue.
Currently, Iamgold Corp.’s total number of outstanding shares is 493.60M with 0.09% of that held by the insiders while 60.73% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.01%. It has a price to earnings ratio (P/E ratio) of 15.46 while having a 13.22 of forward P/E ratio. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 0.66 while price to sale or P/S ratio amounts to 1.50.
