Iamgold Corp. (NYSE: IAG) Surprises Bears With Upbeat Outlook.

In the last trading session, 12.24 million shares of the Iamgold Corp. (NYSE:IAG) were traded, and its beta was 1.65. Most recently the company’s share price was $3.49, and it changed around -$0.17 or -4.64% from the last close, which brings the market valuation of the company to $1.72B. IAG currently trades at a discount to its 52-week high of $3.92, offering almost -12.32% off that amount. The share price’s 52-week low was $1.99, which indicates that the current value has risen by an impressive 42.98% since then. We note from Iamgold Corp.’s average daily trading volume that its 3-month average coming to 9.28 million.

Iamgold Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 2.58. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended IAG as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Iamgold Corp. is expected to report earnings per share of $Iamgold Corporation for the current quarter.

Iamgold Corp. (NYSE:IAG) trade information

Instantly IAG has showed a red trend with a performance of -4.64% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 37.94% year-to-date, but still down -2.24% over the last five days. On the other hand, Iamgold Corp. (NYSE:IAG) is 15.95% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $2.83, which translates to bulls needing to decrease their stock price by -23.32% from its current value. Analyst projections state that IAG is forecast to be at a low of $1.65 and a high of $4.25.

Iamgold Corp. (IAG) estimates and forecasts

Iamgold Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 46.03 percent over the past six months and at a -33.33% annual growth rate that is well below the industry average of 3.20%.

Iamgold Corp. earnings are expected to increase by 86.33% in 2024, but the outlook is positive 40.30% per year for the next five years.

IAG Dividends

Iamgold Corp.’s next quarterly earnings report is expected to be released in May.