The stock of Iamgold Corp. (IAG) has seen a 9.89% increase in the past week, with a 15.17% gain in the past month, and a 55.89% flourish in the past quarter. The volatility ratio for the week is 5.36%, and the volatility levels for the past 30 days are at 5.16% for IAG. The simple moving average for the last 20 days is 5.28% for IAG stock, with a simple moving average of 46.75% for the last 200 days.
Is It Worth Investing in Iamgold Corp. (NYSE: IAG) Right Now?
The price-to-earnings ratio for Iamgold Corp. (NYSE: IAG) is above average at 19.70x, Company’s 36-month beta value is 1.69.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 1.22% ratio of that floaft. The average trading volume of IAG on April 29, 2024 was 9.45M shares.
IAG) stock’s latest price update
The stock of Iamgold Corp. (NYSE: IAG) has increased by 1.46 when compared to last closing price of 3.78. Despite this, the company has experienced a 9.89% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-25 that Inflation is here to stay. While down from the historically high levels hit over the past year or so, inflation rates remain elevated and are wearing on the economy.
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 20.00% 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 -2.17% of loss for the given period.
Volatility was left at 5.16%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares surge +5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.74% upper at present.
During the last 5 trading sessions, IAG rose by +10.00%, which changed the moving average for the period of 200-days by +32.38% in comparison to the 20-day moving average, which settled at $3.65. In addition, Iamgold Corp. saw 51.58% 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 2.47. 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 a nutshell, Iamgold Corp. (IAG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
