Iamgold Corp. (NYSE:IAG) price closed lower on Friday, April 12, dropping -3.99% below its previous close.
A look at the daily price movement shows that the last close reads $3.76. The company’s P/E ratio in the trailing 12-month period read 18.54. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.84 and 52-week low of $1.99. The stock added 15.34% on its value in the past month.
Iamgold Corp., which has a market valuation of $1.78 billion. Analysts tracking IAG have forecast the quarterly EPS to grow by 0.01 per share this quarter, while the same analysts predict the annual EPS to hit $0.12 for the year 2024 and up to $0.31 for 2025. In this case, analysts estimate an annual EPS growth of 33.30% for the year and 158.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $267.16 million, with the likely lows of $245 million and highs of $289.32 million. The average estimate suggests sales growth for the quarter will likely rise by 33.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.32 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 34.20% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 2 upward and — downward reviews. On the technical perspective front, indicators give IAG a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.46. The overview shows that IAG’s price is at present 8.16% off the SMA20 and 22.92% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 62.45, with weekly volatility standing at 6.25%. The indicator jumps to 4.92% when calculated based on the past 30 days. Iamgold Corp. (NYSE:IAG)’s beta value is holding at 1.71, while the average true range (ATR) indicator is currently reading 0.18. An analysis of the Iamgold Corp. (NYSE:IAG) stock in terms of its daily trading volume indicates that the 3-month average is 8.81 million.
Current records show that the company has 493.60M in outstanding shares. The insiders’ percentage holdings are 0.27% of outstanding shares while the percentage share held by institutions stands at 53.23%. But the 42.69% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
