Iamgold Corp [NYSE: IAG] gained 0.76% or 0.04 points to close at $5.33 with a heavy trading volume of 6058842 shares.
The daily chart for IAG points out that the company has recorded 40.63% gains over the past six months.
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If we look at the average trading volume of 9.06M shares, IAG reached to a volume of 6058842 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 $6.84 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 2.45. 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.
Canaccord Genuity have made an estimate for Iamgold Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 22, 2024. The new note on the price target was released on October 10, 2024, representing the official price target for Iamgold Corp stock. On September 12, 2023, analysts increased their price target for IAG shares from 1.75 to 2.75.
The Average True Range (ATR) for Iamgold Corp is set at 0.24, with the Price to Sales ratio for IAG stock in the period of the last 12 months amounting to 3.38. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 0.64.
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 -7.63. With this latest performance, IAG shares gained by 17.40% in over the last four-week period, additionally plugging by 40.63% over the last 6 months – not to mention a rise of 105.00% 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 47.68, with the RSI for the last a single of trading hit 42.68, and the three-weeks RSI is set at 50.30 for Iamgold Corp [IAG]. The present Moving Average for the last 50 days of trading for this stock 5.26, while it was recorded at 5.45 for the last single week of trading, and 4.01 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
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 $60.91%, or 60.97%% 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%.
