IAMGOLD Corporation (IAG) – The 25.27% Upside Potential Remains

IAMGOLD Corporation (NYSE: IAG) is 10.19% higher on its value in year-to-date trading and has touched a low of $1.44 and a high of $5.35 in the current 52-week trading range. The IAG stock was last observed hovering at around $4.25 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $5.50 for the next 12 months. It is also 47.91% off the consensus price target high of $7.89 offered by 13 analysts, but current levels are 3.29% higher than the price target low of $4.25 for the same period.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .


Currently trading at $4.11, the stock is -8.19% and -4.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.44 million and changing -3.29% at the moment leaves the stock 17.33% off its SMA200. IAG registered 4.58% gain for a year compared to 6-month gain of 44.72%. The firm has a 50-day simple moving average (SMA 50) of $0.71% and a 200-day simple moving average (SMA200) of $6.81M.

The stock witnessed a -18.13% loss in the last 1 month and extending the period to 3 months gives it a 9.89%, and is -3.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.82% over the week and 5.32% over the month.

IAMGOLD Corporation (IAG) has around 4832 employees, a market worth around $1.98B and $1.13B in sales. Fwd P/E is 7.17. Profit margin for the company is -32.50%. Distance from 52-week low is 185.42% and -23.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.10%).

IAMGOLD Corporation (IAG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for IAMGOLD Corporation (IAG) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.20, where 7 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

IAMGOLD Corporation is expected to release its quarterly report on 11/10/2020 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $301.19M over the same period. The EPS is expected to grow by 50.00% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to grow 15.60% in year-over-year returns.

IAMGOLD Corporation (IAG) Top Institutional Holders

251 institutions hold shares in IAMGOLD Corporation (IAG), with 2.5M shares held by insiders accounting for 0.53% while institutional investors hold 82.15% of the company’s shares. The shares outstanding are 471.70M, and float is at 470.53M with Short Float at 1.08%. Institutions hold 81.71% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 46.63 million shares valued at $184.21 million. The investor’s holdings represent 9.86% of the IAG Shares outstanding. As of Jun 29, 2020, the second largest holder is Smith (Donald) & Company Inc. with 41.94 million shares valued at $165.65 million to account for 8.86% of the shares outstanding. The other top investors are Ruffer LLP which holds 26.38 million shares representing 5.58% and valued at over $104.2 million, while Renaissance Technologies, LLC holds 4.87% of the shares totaling 23.04 million with a market value of $91.0 million.

IAMGOLD Corporation (IAG): Who are the competitors?

The company’s main competitors (and peers) include Alamos Gold Inc. (AGI) that is trading 33.38% up over the past 12 months.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free