Iamgold Corp [NYSE: IAG] closed the trading session at $5.22.
The stocks have a year to date performance of 106.32 percent and weekly performance of -1.32 percent. The stock has been moved at 23.99 percent over the last six months. The stock has performed 8.07 percent around the most recent 30 days and changed 7.19 percent over the most recent 3-months.
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If compared to the average trading volume of 9.06M shares, IAG reached to a volume of 10294130 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $6.94 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 0.30, with the Price to Sales ratio for IAG stock in the period of the last 12 months amounting to 2.99. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 0.66.
IAG stock trade performance evaluation
Iamgold Corp [IAG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.32. With this latest performance, IAG shares gained by 8.07% in over the last four-week period, additionally plugging by 23.99% over the last 6 months – not to mention a rise of 126.96% 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 46.14, with the RSI for the last a single of trading hit 43.04, and the three-weeks RSI is set at 48.37 for Iamgold Corp [IAG]. The present Moving Average for the last 50 days of trading for this stock 5.29, while it was recorded at 5.35 for the last single week of trading, and 4.07 for the last 200 days.
Iamgold Corp [IAG]: An insightful look at the core fundamentals
Iamgold Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 0.89.
Earnings per share (EPS) analysis for Iamgold Corp [IAG] stock
With the latest financial reports released by the company, Iamgold Corp posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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%.
Iamgold Corp [IAG]: Institutional Ownership
There are presently around $61.89%, or 61.95%% 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%.
