IAMGOLD Corporation [IAG] Stock trading around $3.15 per share: What’s Next?

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IAMGOLD Corporation [NYSE: IAG] price surged by 0.96 percent to reach at $0.03. The company report on December 22, 2021 that IAMGOLD nomme un directeur administratif de projet pour Côté Gold et annonce un changement à la haute direction.

Toronto, Ontario–(Newsfile Corp. – 22 décembre 2021) – IAMGOLD Corporation (TSX : IMG) (NYSE : IAG) (« IAMGOLD » ou la « Société ») annonce la nomination de Jerzy Orzechowski à titre de directeur administratif de projet pour le projet en construction Côté Gold (« Côté Gold ») dans le nord-est de l’Ontario. La Société annonce également que Daniella Dimitrov assume désormais un rôle élargi dans l’équipe de la haute direction et prendra en charge la stratégie et le développement des affaires tout en continuant à exercer son rôle précédent, soit celui de chef de la direction financière et première vice-présidente.


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« Au nom du conseil d’administration et de l’équipe de la direction d’IAMGOLD, je désire souhaiter la bienvenue à Jerzy à titre de directeur administratif de projet pour Côté Gold et féliciter Daniella pour ses nouvelles responsabilités », a déclaré Gordon Stothart, président et chef de la direction d’IAMGOLD. « Il s’agit d’un moment trépidant pour notre société. Nous veillons à optimiser notre éventail d’actifs tout en faisant progresser la réalisation de Côté Gold, qui est un actif de premier ordre, à longue durée de vie et à faible coût, qui devrait produire en moyenne 316 000 onces d’or par an pour IAMGOLD selon des coûts de maintien tout inclus de 802 $ par once tout au long de la durée de vie de la mine, ce qui permettra à IAMGOLD d’atteindre son objectif de devenir un producteur d’or à marge élevée de premier plan.

A sum of 4821681 shares traded at recent session while its average daily volume was at 8.08M shares. IAMGOLD Corporation shares reached a high of $3.215 and dropped to a low of $3.1001 until finishing in the latest session at $3.15.

The average equity rating for IAG stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on IAMGOLD Corporation [IAG]:

Desjardins have made an estimate for IAMGOLD Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 09, 2020. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $6.25 to $4.40. The new note on the price target was released on August 07, 2020, representing the official price target for IAMGOLD Corporation stock.

The Average True Range (ATR) for IAMGOLD Corporation is set at 0.13, with the Price to Sales ratio for IAG stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for IAG in the course of the last twelve months was 10.45 with Quick ratio for the last quarter at 1.50.

IAG Stock Performance Analysis:

IAMGOLD Corporation [IAG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.06. With this latest performance, IAG shares gained by 1.94% in over the last four-week period, additionally plugging by 8.62% over the last 6 months – not to mention a drop of -11.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IAG stock in for the last two-week period is set at 59.45, with the RSI for the last a single of trading hit 64.71, and the three-weeks RSI is set at 57.58 for IAMGOLD Corporation [IAG]. The present Moving Average for the last 50 days of trading for this stock 3.02, while it was recorded at 3.09 for the last single week of trading, and 2.94 for the last 200 days.

Insight into IAMGOLD Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and IAMGOLD Corporation [IAG] shares currently have an operating margin of +15.72 and a Gross Margin at +19.34. IAMGOLD Corporation’s Net Margin is presently recorded at +3.10.

Return on Total Capital for IAG is now 6.83, given the latest momentum, and Return on Invested Capital for the company is 1.40. Return on Equity for this stock inclined to 1.67, with Return on Assets sitting at 0.99. When it comes to the capital structure of this company, IAMGOLD Corporation [IAG] has a Total Debt to Total Equity ratio set at 21.70. Additionally, IAG Total Debt to Total Capital is recorded at 17.83, with Total Debt to Total Assets ending up at 12.57. Long-Term Debt to Equity for the company is recorded at 20.65, with the Long-Term Debt to Total Capital now at 16.96.

Reflecting on the efficiency of the workforce at the company, IAMGOLD Corporation [IAG] managed to generate an average of $9,889 per employee. Receivables Turnover for the company is 19.66 with a Total Asset Turnover recorded at a value of 0.32.IAMGOLD Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.00.

IAG Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IAG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IAMGOLD Corporation go to 3.00%.

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IAMGOLD Corporation [IAG] Insider Position Details

There are presently around $631 million, or 76.80% of IAG stock, in the hands of institutional investors. The top three institutional holders of IAG stocks are: VAN ECK ASSOCIATES CORP with ownership of 49,081,107, which is approximately 0.031% of the company’s market cap and around 1.70% of the total institutional ownership; DONALD SMITH & CO., INC., holding 41,333,683 shares of the stock with an approximate value of $128.96 million in IAG stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $62.26 million in IAG stock with ownership of nearly -1.191% of the company’s market capitalization.

Positions in IAMGOLD Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 62 institutional holders increased their position in IAMGOLD Corporation [NYSE:IAG] by around 6,169,673 shares. Additionally, 57 investors decreased positions by around 26,526,229 shares, while 47 investors held positions by with 169,563,093 shares. The mentioned changes placed institutional holdings at 202,258,995 shares, according to the latest SEC report filing. IAG stock had 24 new institutional investments in for a total of 858,010 shares, while 16 institutional investors sold positions of 12,937,470 shares during the same period.