In recent trading session, Iamgold Corp. (NYSE:IAG) saw 2.63 million shares changing hands at last check today with its beta currently measuring 1.54. Company’s recent per share price level of $4.86 trading at -$0.01 or -0.31% at last check today assigns it a market valuation of $2.41B. That most recent trading price of IAG’s stock is at a discount of -1.23% from its 52-week high price of $4.92 and is indicating a premium of 59.05% from its 52-week low price of $1.99. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.36 million shares which gives us an average trading volume of 9.67 million if we extend that period to 3-months.
For Iamgold Corp. (IAG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.67. Splitting up the data highlights that, out of 14 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.07 in the current quarter.
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Iamgold Corp. (NYSE:IAG) trade information
Upright in the red during last session for losing -0.31%, in the last five days IAG remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $4.86 price level, adding 1.62% to its value on the day. Iamgold Corp.’s shares saw a change of 91.90% in year-to-date performance and have moved 31.93% in past 5-day. Iamgold Corp. (NYSE:IAG) showed a performance of 17.55% in past 30-days. Number of shares sold short was 5.42 million shares which calculate 0.48 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a fall of -62.0% to its recent value today. Analysts have been projecting 1.65 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would jump 66.05% in reaching the projected high whereas dropping to the targeted low would mean a gain of 66.05% for stock’s current value.
Iamgold Corp. (IAG) estimates and forecasts
Statistics highlight that Iamgold Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 100.62% of value to its shares in past 6 months, showing an annual growth rate of 333.33% while that of industry is 21.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 56.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 351.86M for the same. And 1 analysts are in estimates of company making revenue of 509.75M in the next quarter. Company posted 233.75M and 297.6M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 344.29% while estimates for its earnings growth in next 5 years are of 40.30%.
Iamgold Corp. (NYSE:IAG)’s Major holders
Insiders are in possession of 0.10% of company’s total shares while institution are holding 62.84 percent of that, with stock having share float percentage of 62.90%. Investors also watch the number of corporate investors in a company very closely, which is 62.84% institutions for Iamgold Corp. that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at IAG for having 52.05 million shares of worth $173.34 million. And as of 2024-03-31, it was holding 10.6383 of the company’s outstanding shares.
The second largest institutional holder is DONALD SMITH & CO., INC., which was holding about 36.08 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.3732 of outstanding shares, having a total worth of $120.14 million.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024, the former fund manager was holding 22.35 shares of worth $108.76 million or 3.93% of the total outstanding shares. The later fund manager was in possession of 21.08 shares on Jul 31, 2024, making its stake of worth around $102.54 million in the company or a holder of 3.70% of company’s stock.
