IAMGOLD Corporation (IAG) Price Target: Is It Set To Rise Or Fall In Price?

IAMGOLD Corporation (NYSE:IAG) finished Wednesday with an addition of $0.08 to close at $2.67, an upside of 3.09 percent. An average of 7,697,240 shares of common stock have been traded in the last five days. There was a gain of $0.29 in the past week. The last 20 days have seen an average of 7,602,110 shares traded, while the 50-day average volume stands at 5,783,022.

IAG stock has increased by 12.66% in the last month. The company shares reached their 1-month lowest point of $2.17 on 09/24/21. With the stock rallying to its 52-week high on 01/05/21, shares of the company touched a low of $2.16 and a high of $4.20 in 52 weeks. In spite of this, the price is down -36.43% from the 52-week high.

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Valuation Metrics

IAMGOLD Corporation (IAG) has a trailing price-to-earnings (P/E) ratio of 21.19, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, IAMGOLD Corporation’s PE ratio has ranged between 101.33 and 4.233. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 0.51, and the price-to-cash flow ratio at 5.20.

The company’s most recent quarterly dividend payment was $0.1250 a share, without any change from last year.

The quick ratio of IAMGOLD Corporation for the three months ended June 29 was 2.00, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.21 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 18.80% against a 5-year average of 12.7%. IAMGOLD Corporation’s EBITDA margin for the year ending June 29 is 36.53%, while its operating margin for the same period stands at 8.00%. Its gross profit as reported stood at $250.3 million compared to revenue of $1.24 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, IAMGOLD Corporation’s return on assets was 1.60%, compared to 1.0% over the last five years. In the past year, the return on investment has been 3.20%, and the 5-year average is 1.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been 2.70% and the 5-year average holds at 1.4%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

The analyst consensus anticipated IAMGOLD Corporation’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.01. For the quarter, EBITDA amounted to $58.1 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at IAMGOLD Corporation (IAG) price momentum. RSI 9-day as of the close on 13 October was 77.09%, suggesting the stock is Overbought, with historical volatility in this time frame at 30.33%.

As of today, IAG’s price is $2.53 +12.18% or $0.29 from its 5-day moving average. IAG is currently trading +9.88% higher than its 20-day SMA and -26.24% lower than its 100-day SMA. However, the stock’s current price level is -3.61% below the SMA50 and -24.58% below the SMA200.

The stochastic %K and %D were 87.44% and 84.83%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 86.22% and the average true range at 0.12, the RSI (14) stands at 67.97%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.

Analyst Ratings

Desjardins launched coverage on IAMGOLD Corporation (NYSE: IAG) in its analyst report released on September 09, 2020. The firm assigned the stock a a Buy rating.The consensus rating for IAMGOLD Corporation (IAG) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IAG, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is IAG’s price target for the next 12 months?

Analysts predict a range of price targets between $2.45 and $4.81, with a median target of $3.13. Taking a look at these predictions, the average price target given by analysts for IAMGOLD Corporation (IAG) stock is $3.19.


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