IAMGOLD Corporation (NYSE: IAG) is -10.35% lower on its value in year-to-date trading and has touched a low of $2.50 and a high of $5.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IAG stock was last observed hovering at around $3.18 in the last trading session, with the day’s gains setting it 0.11% off its average median price target of $4.06 for the next 12 months. It is also 48.11% off the consensus price target high of $6.34 offered by 12 analysts, but current levels are -1.23% lower than the price target low of $3.25 for the same period.
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Currently trading at $3.29, the stock is 4.28% and 1.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 3.46% at the moment leaves the stock -12.55% off its SMA200. IAG registered 27.52% gain for a year compared to 6-month loss of -11.56%. The firm has a 50-day simple moving average (SMA 50) of $3.1274 and a 200-day simple moving average (SMA200) of $3.5016.
The stock witnessed a 5.45% gain in the last 1 month and extending the period to 3 months gives it a -11.56%, and is 10.40% up 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 2.82% over the week and 3.63% over the month.
IAMGOLD Corporation (IAG) has around 5222 employees, a market worth around $1.48B and $1.24B in sales. Current P/E ratio is 43.87 and Fwd P/E is 8.77. Profit margin for the company is 3.40%. Distance from 52-week low is 31.44% and -38.50% from its 52-week high. The company has generated returns on investments over the last 12 months (3.20%).
IAMGOLD Corporation (IAG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for IAMGOLD Corporation (IAG) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.20, where 8 rate it as a Hold and 0 think it is a “Overweight”. 3 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 08/11/2021 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 110.10% 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
250 institutions hold shares in IAMGOLD Corporation (IAG), with 1.27M shares held by insiders accounting for 0.27% while institutional investors hold 67.50% of the company’s shares. The shares outstanding are 474.70M, and float is at 474.11M with Short Float at 1.78%. Institutions hold 67.32% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 51.21 million shares valued at $187.95 million. The investor’s holdings represent 10.77% of the IAG Shares outstanding. As of Dec 30, 2020, the second largest holder is Smith (Donald) & Company Inc. with 39.64 million shares valued at $145.47 million to account for 8.34% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 24.15 million shares representing 5.08% and valued at over $88.63 million, while Ruffer LLP holds 4.04% of the shares totaling 19.2 million with a market value of $70.48 million.
IAMGOLD Corporation (IAG): Who are the competitors?
The company’s main competitors (and peers) include Alamos Gold Inc. (AGI) that is trading 43.92% up over the past 12 months and Taseko Mines Limited (TGB) that is 557.14% higher over the same period. Short interest in the company’s stock has risen 12.72% from the last report on Mar 14, 2021 to stand at a total of 8.44 million short shares sold with a short interest ratio of 1.24.