Iamgold Corp. (NYSE: IAG) is 44.27% higher on its value in year-to-date trading and has touched a low of $1.99 and a high of $3.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IAG stock was last observed hovering at around $3.33 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $3.65, the stock is 19.83% and 34.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.71 million and changing 9.61% at the moment leaves the stock 45.01% off its SMA200. IAG registered 35.19% gain for a year compared to 6-month gain of 72.17%. The firm has a 50-day simple moving average (SMA 50) of $2.27 and a 200-day simple moving average (SMA200) of $7.09.
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The stock witnessed a 40.38% loss in the last 1 month and extending the period to 3 months gives it a 43.14%, and is 22.48% 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 4.41% over the week and 4.68% over the month.
Current P/E ratio is 18.75 and Fwd P/E is 15.34. Profit margin for the company is 9.54%. Distance from 52-week low is 83.42% and 7.67% from its 52-week high. The company has generated returns on investments over the last 12 months (3.01%).
Iamgold Corp. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $235.87M over the same period.The EPS is expected to grow by 12.31% this year, but quarterly earnings will post 26.60% year-over-year. Quarterly sales are estimated to grow 17.60% in year-over-year returns.
Iamgold Corp. (IAG) Top Institutional Holders
240 institutions hold shares in Iamgold Corp. (IAG), with institutional investors hold 60.86% of the company’s shares. The shares outstanding are 493.60M, and float is at 492.29M with Short Float at 2.32%. Institutions hold 60.80% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 44.97 million shares valued at $118.27 million. The investor’s holdings represent 9.35% of the IAG Shares outstanding. As of Jun 29, 2023, the second largest holder is Smith (Donald) & Company Inc. with 31.38 million shares valued at $82.52 million to account for 6.52% of the shares outstanding. The other top investors are Kopernik Global Investors, Llc which holds 17.88 million shares representing 3.72% and valued at over $47.01 million, while Vanguard Group Inc holds 3.54% of the shares totaling 17.01 million with a market value of $44.74 million.
