In the past week, IAG stock has gone down by -2.96%, with a monthly gain of 15.34% and a quarterly surge of 52.97%. The volatility ratio for the week is 6.25%, and the volatility levels for the last 30 days are 4.92% for Iamgold Corp. The simple moving average for the past 20 days is 8.16% for IAG’s stock, with a 41.08% 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 higher price-to-earnings ratio of 18.54x compared to its average ratio, The 36-month beta value for IAG is at 1.71. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for IAG is 492.29M, and currently, shorts hold a 1.63% of that float. The average trading volume for IAG on April 15, 2024 was 8.81M shares.
IAG) stock’s latest price update
Iamgold Corp. (NYSE: IAG)’s stock price has plunge by -3.99relation to previous closing price of 3.76. Nevertheless, the company has seen a -2.96% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that Penny stocks can be massive wealth creators. High-potential penny stocks that deliver 10x or 20x returns can have a huge impact on the overall portfolio.
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 22.92% 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 -5.99% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares surge +17.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.68% upper at present.
During the last 5 trading sessions, IAG fell by -2.96%, which changed the moving average for the period of 200-days by +42.69% in comparison to the 20-day moving average, which settled at $3.36. In addition, Iamgold Corp. saw 42.69% 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 2.38. 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.
