Iamgold Corp. (NYSE:IAG) currently has a daily average trading volume of 9.34M but it saw 5999074 shares traded in last market. With a market cap of 2.46B USD, the company’s current market price of $4.94 came falling about -4.26 while comparing to the previous closing price of $5.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.31 and as low as $1.99. In the recent trading on the day, stock has struck highest price mark of $4.88 while lowest mark touched by it was $5.1.
Taking a look at 20-day trading activity of Iamgold Corp. (IAG) gives us an average price of $4.63, while its current price level is -6.90% below from 52-week high level whereas it is 148.24% 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 $4.22 while that of 200 days or SMA-200 reads an average of $3.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.00% during that period while stretching the period over a month that increases to 5.18%. 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 60.53 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 -6.26% down while it is 22.58% when we observe its performance for the past one month. Year-to-date it is 95.26% up and over the past year, the stock is showing an upside performance of 106.69%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.01 beat the consensus estimate of -0.01 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-07, for which analysts forecasted an EPS of 0.08 while estimate for next year EPS is 0.46. In next quarter, company is expected to be making quarterly sales of $509.75M as analysts are expecting the sales for current fiscal year at $1.6B and seeing the company making $2.23B in sales next year. Moreover, analysts are in estimates of $351.86M for current-quarter revenue.
Currently, Iamgold Corp.’s total number of outstanding shares is 497.28M with 0.10% of that held by the insiders while 64.22% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.62% and return on equity (ROE) at 5.31%. It has a price to earnings ratio (P/E ratio) of 19.82 while having a 7.40 of forward P/E ratio. Stock’s beta reads 1.58. Stock has a price to book (P/B) ratio of 1.07 while price to sale or P/S ratio amounts to 1.96. Its return on asset (ROA) is 2.74% on average.
