Iamgold Corp. (NYSE:IAG) currently has a daily average trading volume of 9.13M but it saw 8268757 shares traded in last market. With a market cap of 1.95B USD, the company’s current market price of $3.92 came falling about -2.00 while comparing to the previous closing price of $4.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.59 and as low as $1.99.
Taking a look at 20-day trading activity of Iamgold Corp. (IAG) gives us an average price of $4.00, while its current price level is -14.69% below from 52-week high level whereas it is 96.98% 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 $3.96 while that of 200 days or SMA-200 reads an average of $3.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.69% during that period while stretching the period over a month that increases to 3.70%. 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 47.14 which implies that the stock is in neutral territory.
RBC Capital Mkts upgraded its recommendation for the stock as a “Sector Perform” from “Underperform” on September 12, 2023 while assigning a price target range of $1.75-$2.75. BMO Capital Markets issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $2 and $3.25.
Over the week, IAG’s stock price is moving -3.21% down while it is 6.23% when we observe its performance for the past one month. Year-to-date it is 54.94% up and over the past year, the stock is showing an upside performance of 38.03%.
Currently, Iamgold Corp.’s total number of outstanding shares is 497.28M. Company’s return on investment (ROI) stands at 4.30% and return on equity (ROE) at 6.25%. It has a price to earnings ratio (P/E ratio) of 13.94 while having a 6.40 of forward P/E ratio. Stock’s beta reads 1.56. Stock has a price to book (P/B) ratio of 0.86 while price to sale or P/S ratio amounts to 1.77. Its return on asset (ROA) is 3.13% on average.
