Iamgold Corp (IAG) Testing Investors’ Patience Right Now

Currently, there are 570.30M common shares owned by the public and among those 568.94M shares have been available to trade.

The company’s stock has a 5-day price change of 1.53% and 2.51% over the past three months. IAG shares are trading 109.49% year to date (YTD), with the 12-month market performance up to 124.58% higher. It has a 12-month low price of $2.11 and touched a high of $6.37 over the same period. IAG has an average intraday trading volume of 8.65 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 -2.85%, -0.08%, and 28.14% respectively.

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Institutional ownership of Iamgold Corp (NYSE: IAG) shares accounts for 58.43% of the company’s 570.30M shares outstanding.

It has a market capitalization of $4.22B and a beta (3y monthly) value of 1.57. The stock’s trailing 12-month PE ratio is 4.14, while the earnings-per-share (ttm) stands at $1.28. The company has a PEG of 0.10 and a Quick Ratio of 0.61 with the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.68% over the week and 4.50% over the month.

Analysts forecast that Iamgold Corp (IAG) will achieve an EPS of 0.12 for the current quarter, 0.56 for the next quarter and nan for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.03 while analysts give the company a high EPS estimate of 0.03. Comparatively, EPS for the current quarter was 0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 489.83%, and 41.56% over the next financial year.

BMO Capital Markets was of a view on June 06, 2024 that the stock is Outperform, while RBC Capital Mkts gave the stock Sector Perform rating on September 12, 2023, issuing a price target of $1.75- $2.75. BMO Capital Markets on their part issued Outperform rating on May 01, 2023.

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