Iamgold Corp. (NYSE:IAG) price closed lower on Friday, May 03, dropping -1.91% below its previous close.
A look at the daily price movement shows that the last close reads $3.66. The company’s P/E ratio in the trailing 12-month period read 18.44. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.92 and 52-week low of $1.99. The stock subtracted -0.28% on its value in the past month.
Iamgold Corp., which has a market valuation of $1.77 billion. Analysts tracking IAG have forecast the quarterly EPS to grow by 0.03 per share this quarter, while the same analysts predict the annual EPS to hit $0.17 for the year 2024 and up to $0.4 for 2025. In this case, analysts estimate an annual EPS growth of 88.90% for the year and 135.30% 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 $1.35 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 36.70% above that which the company brought in 2024.
On the technical perspective front, indicators give IAG a short term outlook of 50% 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 -1.60% off the SMA20 and 9.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.25, with weekly volatility standing at 4.44%. The indicator jumps to 5.14% when calculated based on the past 30 days. Iamgold Corp. (NYSE:IAG)’s beta value is holding at 1.66, while the average true range (ATR) indicator is currently reading 0.17.
An analysis of the Iamgold Corp. (NYSE:IAG) stock in terms of its daily trading volume indicates that the 3-month average is 9.37 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 57.70%. But the 41.90% 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.
