In last trading session, Iamgold Corp. (NYSE:IAG) saw 24.02 million shares changing hands with its beta currently measuring 1.59. Company’s recent per share price level of $5.97 trading at $0.86 or 16.83% at ring of the bell on the day assigns it a market valuation of $3.40B. That closing price of IAG’s stock is at a premium of 6.2% from its 52-week high price of $5.60 and is indicating a premium of 64.66% from its 52-week low price of $2.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.86 million shares which gives us an average trading volume of 9.11 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 2.64. 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.
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Iamgold Corp. (NYSE:IAG) trade information
Upright in the green during last session for gaining 16.83%, in the last five days IAG remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $5.97 price level, adding 1.0% to its value on the day. Iamgold Corp.’s shares saw a change of 135.97% in year-to-date performance and have moved 23.60% in past 5-day. Iamgold Corp. (NYSE:IAG) showed a performance of 12.43% in past 30-days. Number of shares sold short was 5.79 million shares which calculate 0.73 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.88 to the stock, which implies a fall of -54.06% to its current value. Analysts have been projecting 2.25 as a low price target for the stock while placing it at a high target of 6.4. It follows that stock’s current price would jump 62.31% in reaching the projected high whereas dropping to the targeted low would mean a gain of 62.31% 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 63.11% of value to its shares in past 6 months, showing an annual growth rate of 477.78% while that of industry is 22.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 432.82% 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 0.09% of company’s total shares while institution are holding 65.22 percent of that, with stock having share float percentage of 65.28%. Investors also watch the number of corporate investors in a company very closely, which is 65.22% 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 48.63 million shares of worth $182.36 million. And as of 2024-06-30, it was holding 9.9382 of the company’s outstanding shares.
The second largest institutional holder is DONALD SMITH & CO., INC., which was holding about 34.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.1307 of outstanding shares, having a total worth of $130.84 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 Sep 30, 2024 , the former fund manager was holding 26.1 shares of worth $155.83 million or 4.57% of the total outstanding shares. The later fund manager was in possession of 21.37 shares on Sep 30, 2024 , making its stake of worth around $127.56 million in the company or a holder of 3.74% of company’s stock.
