In the last trading session, 14.17 million shares of the Iamgold Corp (NYSE:IAG) were traded, and its beta was 1.16. Most recently the company’s share price was $7.54, and it changed around $0.06 or 0.80% from the last close, which brings the market valuation of the company to $4.34B. IAG currently trades at a discount to its 52-week high of $8.38, offering almost -11.14% off that amount. The share price’s 52-week low was $3.44, which indicates that the current value has risen by an impressive 54.38% since then. We note from Iamgold Corp’s average daily trading volume that its 10-day average is 19.92 million shares, with the 3-month average coming to 16.07 million.
Iamgold Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended IAG as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Iamgold Corp is expected to report earnings per share of 0.16 for the current quarter.
Iamgold Corp (NYSE:IAG) trade information
Instantly IAG has showed a green trend with a performance of 0.80% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.87 on recent trading dayincreased the stock’s daily price by 4.19%. The company’s shares are currently up 46.12% year-to-date, but still up 4.14% over the last five days. On the other hand, Iamgold Corp (NYSE:IAG) is 19.68% up in the 30-day period. We can see from the shorts that 10.02 million shares have been sold at a short interest cover period of 0.73 day(s).
The consensus price target as assigned by Wall Street analysts is $8.2, which translates to bulls needing to increase their stock price by 8.05% from its current value. Analyst projections state that IAG is forecast to be at a low of $8 and a high of $8.4.
Iamgold Corp (IAG) estimates and forecasts
The year-over-year growth rate is expected to be 48.59%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 552.19M in revenue for the current quarter. 1 analysts expect Iamgold Corp to make 675.66M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 385.3M and 438.9M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 43.31%. Forecasts for the next quarter put sales growth at 53.94%.
Iamgold Corp earnings are expected to increase by 39.23% in 2025, but the outlook is positive 20.34% per year for the next five years.
IAG Dividends
Iamgold Corp’s next quarterly earnings report is expected to be released on 2025-May-05. The average dividend yield for the past five years averaged 2.05 per year.
Iamgold Corp (NYSE:IAG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.14% of Iamgold Corp shares, and 73.44% of them are in the hands of institutional investors. The stock currently has a share float of 73.54%. Iamgold Corp stock is held by 362.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.2553% of the shares, which is about 48.63 million shares worth $182.36 million.
DONALD SMITH & CO., INC., with 6.6408% or 34.89 million shares worth $130.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
