Iamgold Corp. (NYSE:IAG) has a beta value of 1.71 and has seen 12.42 million shares traded in the last trading session. The company, currently valued at $1.78B, closed the last trade at $3.60 per share which meant it lost -$0.12 on the day or -3.23% during that session. The IAG stock price is -5.56% off its 52-week high price of $3.80 and 44.72% above the 52-week low of $1.99. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.32 million shares traded. The 3-month trading volume is 8.39 million shares.
Iamgold Corp. (NYSE:IAG) trade information
Sporting -3.23% in the red in last session, the stock has traded in the red over the last five days, when the IAG stock price touched $3.60 or saw a rise of 5.51%. Year-to-date, Iamgold Corp. shares have moved 42.29%, while the 5-day performance has seen it change -1.37%. Over the past 30 days, the shares of Iamgold Corp. (NYSE:IAG) have changed 16.88%. Short interest in the company has seen 11.43 million shares shorted with days to cover at 0.99.
Iamgold Corp. (IAG) estimates and forecasts
Figures show that Iamgold Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 73.08% over the past 6 months, with this year growth rate of -55.56%, compared to 2.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -100.00% and 200.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 28.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of $235.87 million for the current quarter. 1 have an estimated revenue figure of $275.09 million for the next quarter concluding in Jun 2024. Year-ago sales stood $200.6 million and $238.8 million respectively for this quarter and the next, and analysts expect sales will grow by 17.60% for the current quarter and 15.20% for the next.
IAG Dividends
Iamgold Corp. is expected to release its next earnings report between May 09 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Iamgold Corp. (NYSE:IAG)’s Major holders
Insiders own 0.09% of the company shares, while shares held by institutions stand at 60.80% with a share float percentage of 60.86%. Investors are also buoyed by the number of investors in a company, with Iamgold Corp. having a total of 240 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 44.97 million shares worth more than $118.27 million. As of Jun 29, 2023, Van Eck Associates Corporation held 9.35% of shares outstanding.
The other major institutional holder is Smith (Donald) & Company Inc., with the holding of over 31.38 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $82.52 million and represent 6.52% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Sep 29, 2023, the former fund manager holds about 5.32% shares in the company for having 25.59 million shares of worth $55.03 million while later fund manager owns 17.04 million shares of worth $36.65 million as of Sep 29, 2023, which makes it owner of about 3.54% of company’s outstanding stock.
