Iamgold Corp. (NYSE:IAG) shares, rose in value, with the stock price down by -2.96% to the previous day’s close as strong demand from buyers drove the stock to $3.60.
Actively observing the price movement in the last trading, the stock closed the session at $3.71. The PE ratio was 18.49 over 12-month period. Referring to stock’s 52-week performance, its high was $3.92, and the low was $1.99. On the whole, IAG has fluctuated by 16.50% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.33B, with a low estimate of 245M and a high estimate of 289.32M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 267.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IAG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.46, with the price of IAG currently trading nearly 0.88% and 15.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.17, while the 7-day volatility ratio is showing 5.22% which for the 30-day chart, stands at 5.06%. Furthermore, Iamgold Corp. (IAG)’s beta value is 1.68, and its average true range (ATR) is 0.18.
A comparison of Iamgold Corp. (IAG) with its peers suggests the former has fared considerably weaker in the market. IAG showed an intraday change of -2.96% in last session, and over the past year, it grew by 25.87%%.
Data on historical trading for Iamgold Corp. (NYSE:IAG) indicates that the trading volumes over the past 3 months, they’ve averaged 9.43 million. According to company’s latest data on outstanding shares, there are 493.60 million shares outstanding.
Nearly 0.27% of Iamgold Corp.’s shares belong to company insiders and institutional investors own 57.99% of the company’s shares. The stock has risen by 42.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IAG stock heading into the next quarter.
