Should Investors Trust The Upside Potential In Iamgold Corp (IAG)?

Iamgold Corp (NYSE:IAG) currently has a daily average trading volume of 11.24M but it saw 13603936 shares traded in last market. With a market cap of 3.50B USD, the company’s current market price of $6.12 came rising about 2.34 while comparing to the previous closing price of $5.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.69 and as low as $2.90. In the recent trading on the day, stock has struck highest price mark of $5.95 while lowest mark touched by it was $6.18.

Taking a look at 20-day trading activity of Iamgold Corp (IAG) gives us an average price of $5.71, while its current price level is -8.52% below from 52-week high level whereas it is 111.03% 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 $5.89 while that of 200 days or SMA-200 reads an average of $5.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.88% during that period while stretching the period over a month that increases to 4.80%. 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 57.15 which implies that the stock is in neutral territory.

Over the week, IAG’s stock price is moving 7.18% up while it is -3.92% when we observe its performance for the past one month. Year-to-date it is 18.60% up and over the past year, the stock is showing an upside performance of 98.70%.

Currently, Iamgold Corp’s total number of outstanding shares is 571.40M. Company’s return on investment (ROI) stands at 18.54% and return on equity (ROE) at 29.57%. It has a price to earnings ratio (P/E ratio) of 4.22 while having a 6.67 of forward P/E ratio. Stock’s beta reads 1.55. Stock has a price to book (P/B) ratio of 1.05 while price to sale or P/S ratio amounts to 2.10. Its return on asset (ROA) is 15.06% on average.