The stock of Iamgold Corp. (IAG) has seen a -0.67% decrease in the past week, with a -8.08% drop in the past month, and a 1.23% flourish in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 3.75% for IAG. The simple moving average for the last 20 days is -0.78% for IAG stock, with a simple moving average of 26.68% for the last 200 days.
Is It Worth Investing in Iamgold Corp. (NYSE: IAG) Right Now?
Iamgold Corp. (NYSE: IAG) has a price-to-earnings ratio of 13.14x that is above its average ratio. Additionally, the 36-month beta value for IAG is 1.57. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IAG is 495.90M and currently, short sellers hold a 1.67% ratio of that float. The average trading volume of IAG on July 01, 2024 was 10.13M shares.
IAG) stock’s latest price update
The stock price of Iamgold Corp. (NYSE: IAG) has plunged by -1.47 when compared to previous closing price of 3.75, but the company has seen a -0.67% decline in its stock price over the last five trading sessions. zacks.com reported 2024-06-28 that Iamgold (IAG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Analysts’ Opinion of IAG
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see IAG reach a price target of $2.75, previously predicting the price at $1.75. The rating they have provided for IAG stocks is “Sector Perform” according to the report published on September 12th, 2023.
BMO Capital Markets gave a rating of “Outperform” to IAG, setting the target price at $3.25 in the report published on May 01st of the previous year.
IAG Trading at -4.18% 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 -19.59% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares sank -6.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.37% upper at present.
During the last 5 trading sessions, IAG fell by -0.81%, which changed the moving average for the period of 200-days by +62.56% in comparison to the 20-day moving average, which settled at $3.71. In addition, Iamgold Corp. saw 46.05% 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:
- 0.09 for the present operating margin
- 0.15 for the gross margin
The net margin for Iamgold Corp. stands at 0.12. The total capital return value is set at 0.02. Equity return is now at value 6.25, with 3.13 for asset returns.
Based on Iamgold Corp. (IAG), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -4.69.
Currently, EBITDA for the company is 250.92 million with net debt to EBITDA at 1.93. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 30.35for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
In conclusion, Iamgold Corp. (IAG) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
