Iamgold Corp. (NYSE:IAG) has a beta value of 1.59 and has seen 1.78 million shares traded in the recent trading session. The company, currently valued at $3.15B, closed the recent trade at $5.53 per share which meant it gained $0.06 on the day or 1.10% during that session. The IAG stock price is -0.9% off its 52-week high price of $5.58 and 64.01% 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 8.28 million shares traded. The 3-month trading volume is 8.88 million shares.
The consensus among analysts is that Iamgold Corp. (IAG) is Hold stock at the moment, with a recommendation rating of 2.75. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 14 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.
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Iamgold Corp. (NYSE:IAG) trade information
Sporting 1.10% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IAG stock price touched $5.53 or saw a rise of 0.9%. Year-to-date, Iamgold Corp. shares have moved 118.58%, while the 5-day performance has seen it change 4.54%. Over the past 30 days, the shares of Iamgold Corp. (NYSE:IAG) have changed 7.38%. Short interest in the company has seen 4.54 million shares shorted with days to cover at 0.4.
Wall Street analysts have a consensus price target for the stock at $3.88, which means that the shares’ value could drop -42.53% from the levels at last check today. The projected low price target is $2.25 while the price target rests at a high of $6.4. In that case, then, we find that the latest price level in today’s session is -15.73% off the targeted high while a plunge would see the stock lose 59.31% from the levels at last check today.
Iamgold Corp. (IAG) estimates and forecasts
The company’s shares have gained 78.96% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 62.90%.
1 analysts offering their estimates for the company have set an average revenue estimate of 408.66M for the current quarter. 1 have an estimated revenue figure of 526.07M for the next ending quarter. Year-ago sales stood 233.75M and 297.6M respectively for this quarter and the next, and analysts expect sales will grow by 74.80% for the current quarter and 62.90% for the next.
Earnings growth for 2024 is a modest 405.16% 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 on 2024-Nov-07 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 0.10% of the company shares, while shares held by institutions stand at 64.80% with a share float percentage of 64.86%. Investors are also buoyed by the number of investors in a company, with Iamgold Corp. having a total of 261.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 48.63 million shares worth more than $182.36 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 9.9382% of shares outstanding.
The other major institutional holder is DONALD SMITH & CO., INC., with the holding of over 34.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $130.84 million and represent 7.1307% 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 Jul 31, 2024, the former fund manager holds about 3.92% shares in the company for having 22.35 shares of worth $123.85 million while later fund manager owns 21.08 shares of worth $116.77 million as of Jul 31, 2024, which makes it owner of about 3.70% of company’s outstanding stock.
