The stock of Iamgold Corp. (IAG) has gone up by 11.71% for the week, with a 24.00% rise in the past month and a 55.00% rise in the past quarter. The volatility ratio for the week is 4.90%, and the volatility levels for the past 30 days are 4.42% for IAG. The simple moving average for the past 20 days is 16.20% for IAG’s stock, with a 46.90% simple moving average for the past 200 days.
Is It Worth Investing in Iamgold Corp. (NYSE: IAG) Right Now?
Iamgold Corp. (NYSE: IAG) has a price-to-earnings ratio that is above its average at 19.11x. The stock has a 36-month beta value of 1.71. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for IAG is 492.29M, and at present, short sellers hold a 2.32% of that float. On April 08, 2024, the average trading volume of IAG was 8.22M shares.
IAG) stock’s latest price update
Iamgold Corp. (NYSE: IAG)’s stock price has surge by 3.33relation to previous closing price of 3.60. Nevertheless, the company has seen a 11.71% surge in its stock price over the last five trading sessions. Newsfile Corp reported 2024-04-05 that Toronto, Ontario–(Newsfile Corp. – April 5, 2024) – IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (“IAMGOLD” or the “Company”) is pleased to announce it plans to release its first quarter 2024 operating and financial results after market hours on Thursday, May 9, 2024. Senior management will host a conference call to discuss the operating performance and financial results on Friday, May 10, 2024, at 8:30 a.m.
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 32.12% 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 able to rebound, for now settling with 0.40% of gains for the given period.
Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +20.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.80% upper at present.
During the last 5 trading sessions, IAG rose by +11.71%, which changed the moving average for the period of 200-days by +39.33% in comparison to the 20-day moving average, which settled at $3.23. In addition, Iamgold Corp. saw 47.04% 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 2.43. 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
To sum up, Iamgold Corp. (IAG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
