Iamgold Corp. (NYSE: IAG) Is Getting Increasingly Hard To Ignore

Currently, there are 481.30M common shares owned by the public and among those 480.12M shares have been available to trade.

The company’s stock has a 5-day price change of 4.90% and 12.23% over the past three months. IAG shares are trading 1.58% year to date (YTD), with the 12-month market performance up to 4.05% higher. It has a 12-month low price of $1.99 and touched a high of $3.34 over the same period. IAG has an average intraday trading volume of 6.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.66%, 4.87%, and 1.84% respectively.

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Institutional ownership of Iamgold Corp. (NYSE: IAG) shares accounts for 53.96% of the company’s 481.30M shares outstanding.

It has a market capitalization of $1.24B and a beta (3y monthly) value of 1.67. The stock’s trailing 12-month PE ratio is 13.20, while the earnings-per-share (ttm) stands at $0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.51% over the week and 5.34% over the month.

Analysts forecast that Iamgold Corp. (IAG) will achieve an EPS of $0.01 for the current quarter, $0.05 for the next quarter and $0.26 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 56.77%, and 45.87% over the next financial year.

Looking at the support for the IAG, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on September 12, 2023, with the firm’s price target at $1.75-$2.75.

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