During the recent session, IAMGOLD Corporation (NYSE:IAG)’s traded shares were 2,546,674, with the beta value of the company hitting 1. At the last check, the stock’s price was $3.25, reflecting an intraday gain of 2.2% or $0.07. The 52-week high for the IAG share is $5.35, that puts it down -64.62% from that peak though still a striking +23.08% gain since the share price plummeted to a 52-week low of $2.5. The company’s market capitalization is $1.55 Billion, and the average intraday trading volume over the past 10 days was 5.64 Million shares, and the average trade volume was 5.67 Million shares over the past three months.
IAMGOLD Corporation (IAG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.2. IAG has a Sell rating from none of the analyst(s) out of 12 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 3 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.01.
IAMGOLD Corporation (NYSE:IAG): Trading Information
IAMGOLD Corporation (IAG) registered a 2.2% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.88% in intraday trading to $3.27- this Tuesday, Apr 06, hitting a weekly high. The stock’s 5-day price performance is 8.8%, and it has moved by 5.61% in 30 days. Based on these gigs, the overall price performance for the year is -11.65%. The short interest in IAMGOLD Corporation (NYSE:IAG) is 8.44 Million shares and it means that shorts have 1.49 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.36, which implies an increase of 34.15% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.25 and $6.34 respectively. As a result, IAG is trading at a discount of 95.08% off the target high and 0% off the low.
IAMGOLD Corporation (IAG) projections and forecasts
Revenue for the current quarter is expected to be $301.19 Million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $294.02 Million by the end of May 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $260.5 Million and $274.5 Million respectively. In this case, analysts expect current quarter sales to grow by 15.6% and then jump by 7.1% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.3%. While earnings are projected to return 110.1% in 2021, the next five years will return 3% per annum.
IAMGOLD Corporation (NYSE:IAG)’s Biggest Investors
IAMGOLD Corporation insiders own 0.27% of total outstanding shares while institutional holders control 67.32%, with the float percentage being 67.5%. Van Eck Associates Corporation is the largest shareholder of the company, while 250 institutions own stock in it. As of Dec 30, 2020, the company held over 51.21 Million shares (or 10.77% of all shares), a total value of $187.95 Million in shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The next largest institutional holding, with 39.64 Million shares, is of Smith (Donald) & Company Inc.’s that is approximately 8.34% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $145.47 Million.
Also, the Mutual Funds coming in first place with the largest holdings of IAMGOLD Corporation (IAG) shares are VanEck Vectors ETF Tr-Gold Miners ETF and Vanguard Selected Value Fund. Data provided on Feb 27, 2021 indicates that VanEck Vectors ETF Tr-Gold Miners ETF owns about 26,154,897 shares. This amounts to just over 5.5 percent of the company’s overall shares, with a $77.68 Million market value. The same data shows that the other fund manager holds slightly less at 19.86 Million, or about 4.18% of the stock, which is worth about $72.87 Million.