Iamgold Corp. (NYSE:IAG) price on Wednesday, April 17, rose 3.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.66.
A look at the stock’s price movement, the close in the last trading session was $3.54. The PE ratio in trailing twelve months stood at 18.80. Turning to its 52-week performance, $3.92 and $1.99 were the 52-week high and 52-week low respectively. Overall, IAG moved 22.00% over the past month.
Iamgold Corp.’s market cap currently stands at around $1.81 billion. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2024 EPS growth forecast to increase to $0.11 and about $0.32 for fiscal year 2025. Per the data, EPS growth is expected to be 22.20% for 2024 and 190.90% for the next financial year.
Analysts have a consensus estimate of $267.16 million for the company’s revenue for the quarter, with a low and high estimate of $245 million and $289.32 million respectively. The average forecast suggests up to a 33.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $1.32 billion, representing a 34.20% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was — upward and — downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that IAG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.47, with IAG’s current price about 7.14% and 21.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.97, while 7-day volatility ratio is 5.38% and 5.04% in the 30-day chart. Further, Iamgold Corp. (IAG) has a beta value of 1.69, and an average true range (ATR) of 0.18.
If we refocus on Iamgold Corp. (NYSE:IAG), historical trading data shows that trading volumes averaged 9.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 493.60 million shares.
The 0.27% of Iamgold Corp.’s shares are in the hands of company insiders while institutional holders own 53.23% of the company’s shares. Current price change has pushed the stock 44.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IAG stock continues to rise going into the next quarter.
