During the recent session, Iamgold Corp (NYSE:IAG)’s traded shares were 1.1 million, with the beta value of the company hitting 1.56. At the last check today, the stock’s price was $5.93, reflecting an intraday gain of 2.16% or $0.13. The 52-week high for the IAG share is $6.37, that puts it down -7.42 from that peak though still a striking 60.88% gain since the share price plummeted to a 52-week low of $2.32. The company’s market capitalization is $3.38B, and the average intraday trading volume over the past 10 days was 12.42 million shares, and the average trade volume was 7.96 million shares over the past three months.
Iamgold Corp (IAG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.18. IAG has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.13.
Iamgold Corp (NYSE:IAG) trade information
Iamgold Corp (IAG) registered a 2.16% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.16% in intraday trading to $5.93, hitting a weekly high. The stock’s 5-day price performance is 8.72%, and it has moved by 13.94% in 30 days. Based on these gigs, the overall price performance for the year is 124.43%. The short interest in Iamgold Corp (NYSE:IAG) is 6.24 million shares and it means that shorts have 1.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.4, which implies an increase of 7.34% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.4 and $6.4 respectively. As a result, IAG is trading at a discount of -7.93% off the target high and -7.93% off the low.
Iamgold Corp (IAG) estimates and forecasts
Statistics show that Iamgold Corp has outperformed its competitors in share price, compared to the industry in which it operates. Iamgold Corp (IAG) shares have gone up 48.13% during the last six months, with a year-to-date growth rate more than the industry average at 544.44% against 18.70. In the rating firms’ projections, revenue will increase 58.54% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 530.36M as predicted by 1 analyst(s).
While earnings are projected to return 518.85% in 2025.
IAG Dividends
Iamgold Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 2.05%.
Iamgold Corp (NYSE:IAG)’s Major holders
Iamgold Corp insiders own 0.11% of total outstanding shares while institutional holders control 68.64%, with the float percentage being 68.71%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 297.0 institutions own stock in it. As of 2024-06-30, the company held over 48.63 million shares (or 9.9382% of all shares), a total value of $182.36 million in shares.
The next largest institutional holding, with 34.89 million shares, is of DONALD SMITH & CO., INC.’s that is approximately 7.1307% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $130.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of Iamgold Corp (IAG) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Nov 30, 2024 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 25.16 shares. This amounts to just over 4.40 percent of the company’s overall shares, with a $148.81 million market value. The same data shows that the other fund manager holds slightly less at 20.34, or about 3.56% of the stock, which is worth about $120.29 million.
