Iamgold Corp (NYSE:IAG) has a beta value of 1.16 and has seen 3.82 million shares traded in the recent trading session. The company, currently valued at $4.43B, closed the recent trade at $16420000.000000002 per share which meant it gained $16419992.75 on the day or 3824396% during that session. The IAG stock price is 100.0% off its 52-week high price of $8.38 and 100.0% above the 52-week low of $3.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.46 million shares traded. The 3-month trading volume is 16.42 million shares.
The consensus among analysts is that Iamgold Corp (IAG) is Hold stock at the moment, with a recommendation rating of 2.00. 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 0.16.
Iamgold Corp (NYSE:IAG) trade information
Over the past 30 days, the shares of Iamgold Corp (NYSE:IAG) have changed 15.69%. Short interest in the company has seen 10.02 million shares shorted with days to cover at 0.73.
Wall Street analysts have a consensus price target for the stock at $8.2, which means that the shares’ value could drop -200243802.44% from the levels at last check today.. The projected low price target is $8.0 while the price target rests at a high of $8.4. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Iamgold Corp (IAG) estimates and forecasts
The company’s shares have gained 45.10% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 50.71%.
2 analysts offering their estimates for the company have set an average revenue estimate of 593.61M for the current quarter. 1 have an estimated revenue figure of 739M for the next ending quarter. Year-ago sales stood 385.3M and 438.9M respectively for this quarter and the next, and analysts expect sales will grow by 54.06% for the current quarter and 50.71% for the next.
Earnings growth for 2025 is a modest 41.76% while over the next 5 years, the company’s earnings are expected to increase by 20.34%.
IAG Dividends
Iamgold Corp is expected to release its next earnings report on 2025-May-06 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 0.14% of the company shares, while shares held by institutions stand at 73.52% with a share float percentage of 73.62%. Investors are also buoyed by the number of investors in a company, with Iamgold Corp having a total of 361.0 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 9.2553% 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 6.6408% of shares outstanding.
