Iamgold Corp. [NYSE: IAG] loss -9.92% or -0.5 points to close at $4.54 with a heavy trading volume of 25258776 shares.
The daily chart for IAG points out that the company has recorded 26.11% gains over the past six months.
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If we look at the average trading volume of 9.22M shares, IAG reached to a volume of 25258776 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 $5.85 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.
BMO Capital Markets have made an estimate for Iamgold Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 06, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $1.75 to $2.75. The new note on the price target was released on September 12, 2023, representing the official price target for Iamgold Corp. stock. Previously, the target price had yet another raise from $2 to $3.25, while BMO Capital Markets kept a Outperform rating on IAG stock.
The Average True Range (ATR) for Iamgold Corp. is set at 0.21, with the Price to Sales ratio for IAG stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.90.
Trading performance analysis for IAG stock
Iamgold Corp. [IAG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.19. With this latest performance, IAG shares dropped by -5.61% in over the last four-week period, additionally plugging by 26.11% over the last 6 months – not to mention a rise of 118.27% 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 32.89, with the RSI for the last a single of trading hit 22.95, and the three-weeks RSI is set at 39.82 for Iamgold Corp. [IAG]. The present Moving Average for the last 50 days of trading for this stock 4.88, while it was recorded at 5.08 for the last single week of trading, and 3.71 for the last 200 days.
Iamgold Corp. [IAG]: A deeper dive into fundamental analysis
Iamgold Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.34.
Iamgold Corp. [IAG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Iamgold Corp. posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. 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 Corp. go to 40.30%.
An analysis of Institutional ownership at Iamgold Corp. [IAG]
There are presently around $64.60%, or 64.66%% 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 48.63 million shares, which is approximately 9.9382%. DONALD SMITH & CO., INC., holding 34.89 million shares of the stock with an approximate value of $$130.84 million in IAG stocks shares; and DONALD SMITH & CO., INC., currently with $$77.57 million in IAG stock with ownership which is approximately 4.2273%.
