Iamgold Corp. (NYSE:IAG) has a beta value of 1.69 and has seen 1.79 million shares traded in the recent trading session. The company, currently valued at $1.90B, closed the recent trade at $3.85 per share which meant it gained $0.07 on the day or 1.72% during that session. The IAG stock price is -1.82% off its 52-week high price of $3.92 and 48.31% above the 52-week low of $1.99. The 3-month trading volume is 9.45 million shares.
Iamgold Corp. (NYSE:IAG) trade information
Sporting 1.72% in the green today, the stock has traded in the green over the last five days, when the IAG stock price touched $3.85. Year-to-date, Iamgold Corp. shares have moved 51.98%, while the 5-day performance has seen it change 10.17%. Over the past 30 days, the shares of Iamgold Corp. (NYSE:IAG) have changed 15.47%.
Iamgold Corp. (IAG) estimates and forecasts
Figures show that Iamgold Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 55.04% over the past 6 months, with this year growth rate of 55.56%, compared to 13.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 50.00% and 300.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 36.70%.
2 analysts offering their estimates for the company have set an average revenue estimate of $267.16 million for the current quarter. 1 have an estimated revenue figure of $405.14 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 33.20% for the current quarter and 69.70% for the next.
Earnings growth for 2024 is a modest 106.72% while over the next 5 years, the company’s earnings are expected to increase by 40.30%.
IAG Dividends
Iamgold Corp. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
