The stock of Iamgold Corp. (IAG) has gone up by 2.19% for the week, with a -2.51% drop in the past month and a 7.87% rise in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are 4.73% for IAG. The simple moving average for the past 20 days is -3.82% for IAG’s stock, with a -9.40% simple moving average for the past 200 days.
Is It Worth Investing in Iamgold Corp. (NYSE: IAG) Right Now?
Moreover, the 36-month beta value for IAG is 1.41. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 2 as “sell.”
The average price recommended by analysts for Iamgold Corp. (IAG) is $3.16, which is $0.83 above the current market price. The public float for IAG is 479.90M and currently, short sellers hold a 1.34% of that float. On November 20, 2023, IAG’s average trading volume was 3.90M shares.
IAG) stock’s latest price update
The stock of Iamgold Corp. (NYSE: IAG) has decreased by -1.27 when compared to last closing price of 2.36. Despite this, the company has experienced a 2.19% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-14 that Iamgold’s (IAG) top-line falls y/y in Q3 due to lower sales volume.
Analysts’ Opinion of IAG
Many brokerage firms have already submitted their reports for IAG stocks, with RBC Capital Mkts repeating the rating for IAG by listing it as a “Sector Perform.” The predicted price for IAG in the upcoming period, according to RBC Capital Mkts is $2.75 based on the research report published on September 12, 2023 of the current year 2023.
IAG Trading at 0.56% 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 -30.13% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares sank -3.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.39% upper at present.
During the last 5 trading sessions, IAG rose by +2.19%, which changed the moving average for the period of 200-days by -15.88% in comparison to the 20-day moving average, which settled at $2.42. In addition, Iamgold Corp. saw -9.69% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IAG
Current profitability levels for the company are sitting at:
- +4.86 for the present operating margin
- +10.18 for the gross margin
The net margin for Iamgold Corp. stands at -5.78. The total capital return value is set at 1.53, while invested capital returns managed to touch -1.88. Equity return is now at value -12.56, with -6.73 for asset returns.
Based on Iamgold Corp. (IAG), the company’s capital structure generated 46.58 points at debt to equity in total, while total debt to capital is 31.78. Total debt to assets is 20.80, with long-term debt to equity ratio resting at 45.93. Finally, the long-term debt to capital ratio is 31.34.
When we switch over and look at the enterprise to sales, we see a ratio of 1.85, with the company’s debt to enterprise value settled at 0.53. The receivables turnover for the company is 14.26 and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.35.
Conclusion
To wrap up, the performance of Iamgold Corp. (IAG) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
