Now Is The Time To Build A Position In Iamgold Corp. (NYSE: IAG)

Iamgold Corp. (NYSE:IAG)’s traded shares stood at 1.31 million during the latest session, with the company’s beta value hitting 1.67. At the last check today, the stock’s price was $3.67, to imply an increase of 0.27% or $0.01 in intraday trading. The IAG share’s 52-week high remains $3.92, putting it -6.81% down since that peak but still an impressive 45.78% since price per share fell to its 52-week low of $1.99. The company has a valuation of $1.81B, with an average of 9.35 million shares over the past 3 months.

Iamgold Corp. (NYSE:IAG) trade information

After registering a 0.27% upside in the latest session, Iamgold Corp. (IAG) has traded red over the past five days. The stock hit a weekly high of 3.92, jumping 0.27% in its intraday price action. The 5-day price performance for the stock is -2.40%, and 24.40% over 30 days. With these gigs, the year-to-date price performance is 45.06%.

Iamgold Corp. (IAG) estimates and forecasts

Looking at statistics comparing Iamgold Corp. share performance against respective industry, we note that the company has underperformed competitors. Iamgold Corp. (IAG) shares are 56.17% up over the last 6 months, with its year-to-date growth rate lower than industry average at -22.22% against 1.60%. Revenue is forecast to shrink -100.00% this quarter before jumping 200.00% for the next one. The rating firms project that company’s revenue will grow 34.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $267.16 million. Meanwhile, for the quarter ending Jun 2024, a total of 1 analyst(s) estimate revenue growth to $405.14 million.Earnings reports from the last fiscal year show that sales brought in $200.6 million and $238.8 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 33.20% before jumping 69.70% in the following quarter.

IAG Dividends

Iamgold Corp. has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Iamgold Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.