IAMGOLD Corporation (NYSE: IAG) is -8.53% lower on its value in year-to-date trading and has touched a low of $0.92 and a high of $3.77 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 $2.35 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $2.94 for the next 12 months. It is also 42.16% off the consensus price target high of $4.08 offered by 11 analysts, but current levels are -34.86% lower than the price target low of $1.75 for the same period.
Currently trading at $2.36, the stock is 2.21% and -7.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.03 million and changing 0.43% at the moment leaves the stock 28.03% off its SMA200. IAG registered -30.38% loss for a year compared to 6-month gain of 72.26%.
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The stock witnessed a -9.58% loss in the last 1 month and extending the period to 3 months gives it a 15.69%, and is 10.28% 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 5.51% over the week and 4.51% over the month.
IAMGOLD Corporation (IAG) has around 5357 employees, a market worth around $1.10B and $958.80M in sales. Fwd P/E is 12.55. Profit margin for the company is -7.30%. Distance from 52-week low is 156.49% and -37.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.10%).
IAMGOLD Corporation (IAG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for IAMGOLD Corporation (IAG) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 2.80, where 6 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
IAMGOLD Corporation is expected to release its quarterly report on 05/08/2023.The EPS is expected to grow by 38.70% this year.
IAMGOLD Corporation (IAG) Top Institutional Holders
The shares outstanding are 478.60M, and float is at 477.96M with Short Float at 1.35%.
IAMGOLD Corporation (IAG) Insider Activity
A total of 0 insider transactions have happened at IAMGOLD Corporation (IAG) in the last six months, with sales accounting for 0 and purchases happening 0 times.
IAMGOLD Corporation (IAG): Who are the competitors?
The company’s main competitors (and peers) include Alamos Gold Inc. (AGI) that is trading 22.94% up over the past 12 months and Taseko Mines Limited (TGB) that is -24.88% lower over the same period.