Iamgold Corp. (NYSE:IAG)’s traded shares stood at 1.91 million during the latest session, with the company’s beta value hitting 1.58. At the last check today, the stock’s price was $5.14, to imply a decrease of -3.39% or -$0.18 in intraday trading. The IAG share’s 52-week high remains $5.60, putting it -8.95% down since that peak but still an impressive 61.09% since price per share fell to its 52-week low of $2.00. The company has a valuation of $2.93B, with an average of 8.6 million shares in intraday trading volume over the past 10 days and average of 9.12 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Iamgold Corp. (IAG), translating to a mean rating of 2.75. Of 14 analyst(s) looking at the stock, 0 analyst(s) give IAG a Sell rating. 0 of those analysts rate the stock as Overweight while 9 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.08.
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Iamgold Corp. (NYSE:IAG) trade information
After registering a -3.39% downside in the latest session, Iamgold Corp. (IAG) has traded red over the past five days. The 5-day price performance for the stock is -6.89%, and 6.85% over 30 days. With these gigs, the year-to-date price performance is 103.14%. Short interest in Iamgold Corp. (NYSE:IAG) saw shorts transact 4.54 million shares and set a 0.76 days time to cover.
The extremes give us $2.25 and $6.4 for target low and target high price respectively. As such, IAG has been trading -24.51% off suggested target high and 56.23% from its likely low.
Iamgold Corp. (IAG) estimates and forecasts
Looking at statistics comparing Iamgold Corp. share performance against respective industry, we note that the company has outperformed competitors. Iamgold Corp. (IAG) shares are 42.76% up over the last 6 months, with its year-to-date growth rate higher than industry average at 444.44% against 21.40%. Revenue is forecast to grow 900.00% this quarter before jumping 50.00% for the next one. The rating firms project that company’s revenue will grow 63.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 437.87M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 526.07M.Earnings reports from the last fiscal year show that sales brought in 233.75M and 297.6M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 87.30% before jumping 76.80% in the following quarter.
IAG Dividends
Iamgold Corp. has its next earnings report out on 2024-Nov-07. 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. The company’s average dividend yield trailing the past 5-year period is 2.05%.
Iamgold Corp. (NYSE:IAG)’s Major holders
Iamgold Corp. insiders hold 0.09% of total outstanding shares, with institutional holders owning 64.58% of the shares at 64.64% float percentage. In total, 64.58% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 48.63 million shares (or 9.9382% of shares), all amounting to roughly $182.36 million.
The next major institution holding the largest number of shares is DONALD SMITH & CO., INC. with 34.89 million shares, or about 7.1307% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $130.84 million.
