Iamgold Corp. [IAG] is -1.55% lower this YTD. Is it still time to buy?

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Iamgold Corp. [NYSE: IAG] loss -1.55% on the last trading session, reaching $2.54 price per share at the time. The company report on October 25, 2023 at 7:30 AM that METALLA PROVIDES UPDATE ON CÔTÉ AND GOSSELIN ROYALTY.


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Metalla Royalty & Streaming Ltd. (“Metalla”) (NYSE American: MTA) (TSXV: MTA) is pleased to report IAMGOLD Corporation (“IAMGOLD”) (TSX: IMG) (NYSE: IAG) has announced by press release dated October 23, 2023 that the Côté mine (“Côté”) project has progressed to 90.6% completion and exploration drilling continues to expand the adjacent Gosselin zone discovery (“Gosselin”).

Iamgold Corp. represents 481.10 million in outstanding shares, while the company has a total market value of $1.22 billion with the latest information. IAG stock price has been found in the range of $2.52 to $2.645.

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If compared to the average trading volume of 3.47M shares, IAG reached a trading volume of 5944142 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Iamgold Corp. [IAG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IAG shares is $3.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IAG stock is a recommendation set at 2.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Iamgold Corp. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 12, 2023.

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The Average True Range (ATR) for Iamgold Corp. is set at 0.11, with the Price to Sales ratio for IAG stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 1.55.

Trading performance analysis for IAG stock

Iamgold Corp. [IAG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.10. With this latest performance, IAG shares gained by 25.74% in over the last four-week period, additionally sinking by -16.99% over the last 6 months – not to mention a rise of 76.39% 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 63.68, with the RSI for the last a single of trading hit 68.45, and the three-weeks RSI is set at 59.44 for Iamgold Corp. [IAG]. The present Moving Average for the last 50 days of trading for this stock 2.31, while it was recorded at 2.52 for the last single week of trading, and 2.60 for the last 200 days.

Iamgold Corp. [IAG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Iamgold Corp. [IAG] shares currently have an operating margin of +4.86 and a Gross Margin at +10.18. Iamgold Corp.’s Net Margin is presently recorded at -5.78.

Return on Total Capital for IAG is now 1.53, given the latest momentum, and Return on Invested Capital for the company is -1.88. Return on Equity for this stock declined to -2.53, with Return on Assets sitting at -1.22. When it comes to the capital structure of this company, Iamgold Corp. [IAG] has a Total Debt to Total Equity ratio set at 46.58. Additionally, IAG Total Debt to Total Capital is recorded at 31.78, with Total Debt to Total Assets ending up at 20.80. Long-Term Debt to Equity for the company is recorded at 45.93, with the Long-Term Debt to Total Capital now at 31.34.

Reflecting on the efficiency of the workforce at the company, Iamgold Corp. [IAG] managed to generate an average of -$14,265 per employee. Receivables Turnover for the company is 14.26 with a Total Asset Turnover recorded at a value of 0.21.Iamgold Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.87 and a Current Ratio set at 2.38.

An analysis of Institutional ownership at Iamgold Corp. [IAG]

The top three institutional holders of IAG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in IAG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in IAG stock with ownership which is approximately 5.7994%.

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