In recent trading session, IAMGOLD Corporation (NYSE:IAG) saw 2,070,157 shares changing hands with its beta currently measuring 0.97. Company’s recent per share price level of $3.72 trading at $0.11 or 3.19% at recent trade assigns it a market valuation of $1.79 Billion. That current trading price of IAG’s stock is at a discount of -43.82% from its 52-week high price of $5.35 and is indicating a premium of 61.29% from its 52-week low price of $1.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.85 Million shares which gives us an average trading volume of 4.99 Million if we extend that period to 3-months.
IAMGOLD Corporation (NYSE:IAG) trade information
Upright in the green today for gaining 3.19%, in the last five days IAG remained trading in the green while hitting it’s week-highest on Friday, Sep 18 when the stock touched $4.26-1 price level, adding 13.38% to its value on the day. IAMGOLD Corporation’s shares saw a change of -1.07% in year-to-date performance and have moved -12.56% in past 5-day. IAMGOLD Corporation (NYSE:IAG) showed a performance of -10.44% in past 30-days. Number of shares sold short was 4.94 Million shares which calculate 0.99 days to cover the short interests.
IAMGOLD Corporation (IAG) estimates and forecasts
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $301.19 Million for the same. And 2 analysts are in estimates of company making revenue of $294.02 Million in the next quarter that will end in June 01, 2018. Company posted $260.5 Million and $274.5 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 15.6% while estimating it to be 7.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -2.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 50% while estimates for its earnings growth in next 5 years are of 3%
IAMGOLD Corporation (NYSE:IAG)’s Major holders
Insiders are in possession of 0.53% of company’s total shares while institution are holding 81.71% percent of that, with stock having share float percentage of 82.15%. Investors also watch the number of corporate investors in a company very closely, which is 251 institutions for IAMGOLD Corporation that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at IAG for having 46.63 Million shares of worth $184.21 Million. And as of June 29, 2020, it was holding 9.86% of the company’s outstanding shares.
The second largest institutional holder is Smith (Donald) & Company Inc., which was holding about 41.94 Million shares on June 29, 2020. The number of shares represents firm’s hold over 8.86% of outstanding shares, having a total worth of $165.65 Million.
On the other hand, Vanguard Selected Value Fund and VanEck Vectors ETF Tr-Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of April 29, 2020, the former fund manager was holding 29771833 shares of worth $104.5 Million or 6.29% of the total outstanding shares. The later fund manager was in possession of 25.49 Million shares on July 30, 2020, making its stake of worth around $126.92 Million in the company or a holder of 5.39% of company’s stock.