Iamgold Corp (IAG): Uncovering A True Diamond In The Rough

Iamgold Corp (NYSE:IAG) currently has a daily average trading volume of 13.41M but it saw 24705894 shares traded in last market. With a market cap of 4.65B USD, the company’s current market price of $8.09 came rising about 8.74 while comparing to the previous closing price of $7.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.46 and as low as $3.44. In the recent trading on the day, stock has struck highest price mark of $7.81 while lowest mark touched by it was $8.38.

Taking a look at 20-day trading activity of Iamgold Corp (IAG) gives us an average price of $6.46, while its current price level is 8.45% below from 52-week high level whereas it is 135.17% 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 $6.15 while that of 200 days or SMA-200 reads an average of $5.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.98% during that period while stretching the period over a month that increases to 5.98%. 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 75.29 which implies that the stock is in overbought territory.

Over the week, IAG’s stock price is moving 24.27% up while it is 35.28% when we observe its performance for the past one month. Year-to-date it is 56.78% up and over the past year, the stock is showing an upside performance of 126.61%.

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 5.58 while having a 8.89 of forward P/E ratio. Stock’s beta reads 1.13. Stock has a price to book (P/B) ratio of 1.39 while price to sale or P/S ratio amounts to 2.79. Its return on asset (ROA) is 15.06% on average.