Positives for Iamgold Corp. (IAG) as stock gains in recent trading

Iamgold Corp. (NYSE: IAG) is 115.81% higher on its value in year-to-date trading and has touched a low of $1.99 and a high of $5.49 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 $5.42 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $5.46, the stock is 8.00% and 21.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.02 million and changing 0.74% at the moment leaves the stock 56.93% off its SMA200. IAG registered 128.45% gain for a year compared to 6-month gain of 77.27%.

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The stock witnessed a 11.43% loss in the last 1 month and extending the period to 3 months gives it a 50.83%, and is 13.51% 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 3.78% over the week and 3.42% over the month.

Iamgold Corp. (IAG) has around 4341 employees, a market worth around $3.11B and $1.25B in sales. Current P/E ratio is 21.91 and Fwd P/E is 8.12. Profit margin for the company is 10.31%. Distance from 52-week low is 174.37% and -0.55% from its 52-week high. The company has generated returns on investments over the last 12 months (3.62%).

The EPS is expected to grow by 380.94% this year.

Iamgold Corp. (IAG) Top Institutional Holders

261.0 institutions hold shares in Iamgold Corp. (IAG), with institutional investors hold 64.84% of the company’s shares. The shares outstanding are 570.30M, and float is at 568.95M with Short Float at 0.80%. Institutions hold 64.78% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 48.63 million shares valued at $182.36 million. The investor’s holdings represent 9.9382% of the IAG Shares outstanding. As of 2024-06-30, the second largest holder is DONALD SMITH & CO., INC. with 34.89 million shares valued at $130.84 million to account for 7.1307 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 20.68 million shares representing 4.2273% and valued at over $77.57 million, while HELIKON INVESTMENTS LTD holds 3.4889 of the shares totaling 17.07 million with a market value of $64.02 million.