The IAMGOLD Corporation (NYSE:IAG) is going down by 0.00% in today’s trading session, a fall equivalent to 0.0% of the stock’s price from yesterday’s market close. A news came out on 11/06/19 stating that (IAG IMG.T) IAMGOLD Reports Solid Third Quarter 2019 Results, with Pathway to Improved Fourth Quarter; Confirms Cost and Production Guidance by WSJ. The lowest point that the shares touched during the trading session was $3.37, while the peak of the day was recorded at a share price of $3.59. IAG finished the previous session at $3.40 according to the data provided by Barchart, while the trading volume was observed to be $2433673.
In the 100 days of trading, IAG managed to top a 3.57% Moving average. Additionally, IAMGOLD Corporation shares have achieved a 52-week range between 2.28 and 4.16 alongside 100 days raw stochastic set at 23.74%.
The number of shares outstanding, according to the fundamentals of the company, is set at 468.00M, equal to the value of $1.59B in market capitalization. In the last 30 days, IAMGOLD Corporation shares went down by -10.97%, adding 3.83 to growth in value, on top of a +3.02% boost since 10/08/19.
IAMGOLD Corporation (NYSE:IAG) Analyst’s Estimates
IAMGOLD Corporation (IAG) could record at least $0.02 per share in quarterly earnings in the upcoming report on 02/19/2020, a number that would actually represent an increase of 0.25 YOY.
According to the average analyst rating, IAMGOLD Corporation would be rated as Hold. Out of 12 different analysts monitoring IAG stock, 3 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 0 indicate that IAG is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On May 07, 2019, the stock earned a Downgrade rating due to a new analyst call from Canaccord Genuity, while analysts from Macquarie believe that the stock is set at Outperform from Neutral, as concluded on January 22, 2019. Credit Suisse, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on December 19, 2018.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on April 13, 2018, giving the stock a Buy from the Neutral rating.
IAG Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +7.67% has been attained, while the operating margin has been recorded at +2.93%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.68%. Beta value of the stock is recorded at -0.01. Additionally, IAMGOLD Corporation is recording price volatility of 4.55% for the period of the last seven days and 4.08% in the last 30 days.
IAMGOLD Corporation (NYSE:IAG) Technical Outlook
For the period of the last 50 days, IAMGOLD Corporation had its Raw Stochastic average set at 20.24% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 19.23%. Stochastic %K for IAMGOLD Corporation, with the last 20 days included, was set at 35.26%, having Stochastic %D topping 55.13%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for IAMGOLD Corporation stocks with recording -7.61% in metrics.
IAMGOLD Corporation Insider Watch:
Similarly, 48.48% of the company’s float is held by institutions – and there are 206 institutions in total holding shares of this company. The top three institutional holders of IAG stocks are: Van Eck Associates Corporation with ownership of $187.0 million, which is approximately 55446613 of the company’s shares; Smith (Donald) & Company Inc., holding 48522050 shares of the stock with an approximate value of $165.0 million; and Renaissance Technologies, LLC, currently with more than 22262200 shares of the company valued at $75.0 million. Positions in IAMGOLD Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.