Iamgold Corp (NYSE: IAG) is -0.97% lower on its value in year-to-date trading and has touched a low of $2.90 and a high of $6.69 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 $5.50 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $5.11, the stock is -13.34% and -11.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.09 million and changing -7.09% at the moment leaves the stock 1.73% off its SMA200. IAG registered 70.33% gain for a year compared to 6-month gain of 1.79%.
The stock witnessed a -20.90% loss in the last 1 month and extending the period to 3 months gives it a -9.88%, and is -7.76% 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 5.40% over the week and 4.56% over the month.
Iamgold Corp (IAG) has around 4341 employees, a market worth around $2.92B and $1.67B in sales. Current P/E ratio is 3.52 and Fwd P/E is 5.58. Profit margin for the company is 49.65%. Distance from 52-week low is 76.21% and -23.62% 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 32.66% 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 549.83M 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
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