The Iamgold Corp. (NYSE: IAG) Metrics You Need To Know Right Now

Iamgold Corp. (NYSE:IAG) shares, rose in value on Wednesday, May 15, with the stock price up by 0.90% to the previous day’s close as strong demand from buyers drove the stock to $4.48.

Actively observing the price movement in the last trading, the stock closed the session at $4.44. The PE ratio was 15.93 over 12-month period. Referring to stock’s 52-week performance, its high was $4.46, and the low was $1.99. On the whole, IAG has fluctuated by 26.55% over the past month.

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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.39B, with a low estimate of 283M and a high estimate of 405.14M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 344.07M.

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 0.40, with the price of IAG currently trading nearly 18.53% and 28.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.35, while the 7-day volatility ratio is showing 5.26% which for the 30-day chart, stands at 4.53%. Furthermore, Iamgold Corp. (IAG)’s beta value is 1.69, and its average true range (ATR) is 0.19.

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 0.90% in last session, and over the past year, it grew by 39.56%%.

Data on historical trading for Iamgold Corp. (NYSE:IAG) indicates that the trading volumes over the past 3 months, they’ve averaged 9.67 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 56.57% of the company’s shares. The stock has risen by 77.08% 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.

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