Iamgold Corp (NYSE: IAG) is 7.36% higher on its value in year-to-date trading and has touched a low of $2.56 and a high of $6.69 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 $5.52 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $5.54, the stock is -9.75% and -4.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.52 million and changing 0.36% at the moment leaves the stock 10.83% off its SMA200. IAG registered 115.56% gain for a year compared to 6-month gain of 12.15%.
The stock witnessed a -11.92% loss in the last 1 month and extending the period to 3 months gives it a 3.17%, and is -4.15% 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 5.05% over the week and 4.27% over the month.
Iamgold Corp (IAG) has around 4341 employees, a market worth around $3.17B and $1.67B in sales. Current P/E ratio is 3.82 and Fwd P/E is 6.05. Profit margin for the company is 49.65%. Distance from 52-week low is 116.41% and -17.19% from its 52-week high. The company has generated returns on investments over the last 12 months (18.54%).
with sales reaching $505.52M over the same period.The EPS is expected to grow by 37.97% this year, but quarterly earnings will post 37.69% year-over-year. Quarterly sales are estimated to grow 49.16% in year-over-year returns.
Iamgold Corp (IAG) Top Institutional Holders
The shares outstanding are 571.40M, and float is at 549.91M with Short Float at 1.16%.
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 9.2553% 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 6.6408 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 3.2491 of the shares totaling 17.07 million with a market value of $64.02 million.
Iamgold Corp (IAG) Insider Activity
A total of 0 insider transactions have happened at Iamgold Corp (IAG) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Iamgold Corp (IAG): Who are the competitors?
The company’s main competitors (and peers) include Alamos Gold Inc. (AGI) that is trading 79.52% up over the past 12 months. Taseko Mines Ltd. (TGB) that is 32.69% higher over the same period.
