The Chart for IAMGOLD Corporation (IAG) Is Flashing Mixed Signals

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IAMGOLD Corporation (NYSE:IAG) went down by -1.27% from its latest closing price compared to the recent 1-year high of $5.35. The company’s stock price has collected 1.57% of gains in the last five trading sessions. Press Release reported on 10/08/20 that IAMGOLD Completes Redemption of Long-Term Debt Due in 2025

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Is It Worth Investing in IAMGOLD Corporation (NYSE :IAG) Right Now?

Plus, the 36-month beta value for IAG is at 1.01. Opinions of the stock are interesting as 5 analysts out of 14 who provided ratings for IAMGOLD Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $5.87. IAG currently public float of 470.81M and currently shorts hold a 0.78% ratio of that float. Today, the average trading volume of IAG was 4.60M shares.

IAG’s Market Performance

IAG stocks went up by 1.57% for the week, with a monthly jump of 2.37% and a quarterly performance of -23.27%, while its annual performance rate touched 10.20%. The volatility ratio for the week stands at 3.38% while the volatility levels for the past 30 days are set at 3.76% for IAMGOLD Corporation. The simple moving average for the period of the last 20 days is -0.79% for IAG stocks with a simple moving average of 8.06% for the last 200 days.

Analysts’ Opinion of IAG

BofA Securities, on the other hand, stated in their research note that they expect to see IAG reach a price target of $4.40, previously predicting the price at $6.25. The rating they have provided for IAG stocks is “Underperform” according to the report published on August 07th, 2020.

IAG Trading at -3.99% from the 50-Day Moving Average

After a stumble in the market that brought IAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.29% of loss for the given period.

Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares surge +2.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.82% lower at present.

During the last 5 trading sessions, IAG rose by +1.57%, which changed the moving average for the period of 200-days by +13.41% in comparison to the 20-day moving average, which settled at $3.93. In addition, IAMGOLD Corporation saw 4.29% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for IAG

Current profitability levels for the company are sitting at:

  • -1.45 for the present operating margin
  • +2.98 for the gross margin

The net margin for IAMGOLD Corporation stands at -35.04. The total capital return value is set at -0.50, while invested capital returns managed to touch -12.52. Equity return is now at value -15.20, with -9.40 for asset returns.

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Based on IAMGOLD Corporation (IAG), the company’s capital structure generated 19.92 points at debt to equity in total, while total debt to capital is 16.61. Total debt to assets is 11.94, with long-term debt to equity ratio resting at 19.15. Finally, the long-term debt to capital ratio is 15.97.

When we switch over and look at the enterrpise to sales, we see a ratio of 1.33, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 18.48 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.75.

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