The stock of Iamgold Corp. (IAG) has seen a 15.76% increase in the past week, with a 22.34% gain in the past month, and a 12.60% flourish in the past quarter. The volatility ratio for the week is 7.58%, and the volatility levels for the past 30 days are at 5.32% for IAG. The simple moving average for the last 20 days is 20.23% for IAG stock, with a simple moving average of 54.14% for the last 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 19.88x compared to its average ratio, The 36-month beta value for IAG is at 1.57. 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.”
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The public float for IAG is 495.90M, and currently, shorts hold a 0.76% of that float. The average trading volume for IAG on August 16, 2024 was 9.68M shares.
IAG) stock’s latest price update
Iamgold Corp. (NYSE: IAG)’s stock price has increased by 1.11 compared to its previous closing price of 4.90. However, the company has seen a 15.76% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-08-15 that The S&P 500 index touched highs of 5,670 in July. Over the last one month, the index movement has been volatile with a downward bias.
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 25.21% 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 0.09% of gains for the given period.
Volatility was left at 5.32%, however, over the last 30 days, the volatility rate increased by 7.58%, as shares surge +23.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.85% upper at present.
During the last 5 trading sessions, IAG rose by +15.30%, which changed the moving average for the period of 200-days by +91.28% in comparison to the 20-day moving average, which settled at $4.17. In addition, Iamgold Corp. saw 95.83% 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:
- 0.18 for the present operating margin
- 0.23 for the gross margin
The net margin for Iamgold Corp. stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 5.31, with 2.74 for asset returns.
Based on Iamgold Corp. (IAG), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 8.33.
Currently, EBITDA for the company is 250.92 million with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 2.31. The receivables turnover for the company is 51.61for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
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.
