Iamgold Corp. (NYSE: IAG) has a higher price-to-earnings ratio of 17.10x compared to its average ratio, The 36-month beta value for IAG is at 1.69. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for IAG is 492.29M, and currently, shorts hold a 2.32% of that float. The average trading volume for IAG on April 01, 2024 was 7.79M shares.
IAG) stock’s latest price update
The stock price of Iamgold Corp. (NYSE: IAG) has jumped by 4.39 compared to previous close of 3.19. Despite this, the company has seen a gain of 10.63% in its stock price over the last five trading days. InvestorPlace reported 2024-03-27 that The small-cap space provides some exciting opportunities for robust returns in quick time. Further, some quality small-cap stock rallies are backed by fundamentals and positive business catalysts.
IAG’s Market Performance
Iamgold Corp. (IAG) has experienced a 10.63% rise in stock performance for the past week, with a 29.57% rise in the past month, and a 26.14% rise in the past quarter. The volatility ratio for the week is 3.96%, and the volatility levels for the past 30 days are at 4.62% for IAG. The simple moving average for the last 20 days is 10.65% for IAG’s stock, with a simple moving average of 32.41% for the last 200 days.
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 previous year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see IAG reach a price target of $3.25, previously predicting the price at $2. The rating they have provided for IAG stocks is “Outperform” according to the report published on May 01st, 2023.
IAG Trading at 23.33% 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 -0.15% of loss for the given period.
Volatility was left at 4.62%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares surge +28.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.82% upper at present.
During the last 5 trading sessions, IAG rose by +10.63%, which changed the moving average for the period of 200-days by +14.83% in comparison to the 20-day moving average, which settled at $3.05. In addition, Iamgold Corp. saw 31.62% 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:
- 0.03 for the present operating margin
- 0.12 for the gross margin
The net margin for Iamgold Corp. stands at 0.09. The total capital return value is set at 0.01.
Based on Iamgold Corp. (IAG), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is -2.47.
Currently, EBITDA for the company is 250.92 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 2.24. The receivables turnover for the company is 14.76for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In conclusion, Iamgold Corp. (IAG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
