Iamgold Corp. (NYSE:IAG) currently has a daily average trading volume of 9.45M but it saw 5445956 shares traded in last market. With a market cap of 2.59B USD, the company’s current market price of $4.55 came falling about -0.66 while comparing to the previous closing price of $4.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.60 and as low as $2.11. In the recent trading on the day, stock has struck highest price mark of $4.44 while lowest mark touched by it was $4.57.
Taking a look at 20-day trading activity of Iamgold Corp. (IAG) gives us an average price of $5.23, while its current price level is -18.75% below from 52-week high level whereas it is 115.64% 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 $4.91 while that of 200 days or SMA-200 reads an average of $3.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.33% during that period while stretching the period over a month that decreases to 3.72%. 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 33.81 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 -14.47% down while it is -6.38% when we observe its performance for the past one month. Year-to-date it is 79.84% up and over the past year, the stock is showing an upside performance of 109.68%.
Currently, Iamgold Corp.’s total number of outstanding shares is 570.30M. 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 18.26 while having a 6.43 of forward P/E ratio. Stock’s beta reads 1.60. Stock has a price to book (P/B) ratio of 0.98 while price to sale or P/S ratio amounts to 2.07. Its return on asset (ROA) is 2.74% on average.
