The stock of IAMGOLD Corporation (NYSE:IAG) increased by remained unchanged at $2.86, up 0.70 percent. The last five days have seen an average of 8,865,480 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$0.81. The average number of shares traded over the last 20 days was 7,152,030, while the average volume over the last 50 days totaled 6,391,572.
IAG stock appreciated 30.59% since last month. On 09/24/21, the company’s shares reached a one-month low of $2.17. The stock touched a high of $4.03 on 01/05/21, after rallying from a low of $2.16 in 52 weeks. The price of IAG stock has declined by -22.07% or -$0.81 this year, reaching a new high 2 times. Still, the stock price is down -29.03% from the 52-week high.
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IAMGOLD Corporation (IAG) has a trailing price-to-earnings (P/E) ratio of 22.70. This level actually compares unfavorably with the industry at large, as the PE for the Gold industry stands at about 14.73. Further, its PE also compares unfavorably with the Basic Materials sector’s trailing 12 months PE ratio, which comes in at 13.81 right now. The PE ratio of IAMGOLD Corporation has varied between 101.33 and 4.233 in the last five years. Beta for the stock is 1.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 0.54, and the price-to-cash flow ratio of 5.61.
IAMGOLD Corporation’s dividend is $0.25 per share per year. On Jul. 12, the company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year.
For the three months ended December 30, IAMGOLD Corporation’s quick ratio was 2.00, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.20, and the total debt to equity ratio is 0.21. As far as profitability goes, gross margin for the trailing twelve months is 18.80% percent. IAMGOLD Corporation’s EBITDA margin for the year ended December 30 was 36.53%, whereas its operating margin stood at 8.00% for the same period. Based on annual data, it had gross profit of $250.3 million and revenue of $1.24 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IAG’s return on assets (ROA) during the last 12 months has been 1.60%. There was a 3.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.70%. ROE has averaged -13.62 in the past year for the broader industry.
According to IAMGOLD Corporation’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.07 billion, while revenues fell by -4.29% to $0.0. It was predicted that IAMGOLD Corporation’s quarterly earnings would be -$0.03, but it ended up being $0.02. EBITDA was $58.1 million for the quarter. At the end of IAMGOLD Corporation’s most recent quarter ended December 30, its liabilities totaled 1.63 billion, while its total debt was $530.5 million.
Here’s a quick look at IAMGOLD Corporation’s (IAG) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 78.76%, suggesting the stock is Overbought, with a 24.63% historical volatility rate.
The stochastic %K and %D were 84.28% and 89.41% respectively, while the average true range (ATR) was 0.13. Based on the 14-day stochastic reading of 77.11%, the RSI (14) reading is 72.24%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.22.
In its analyst report released on September 09, 2020, Desjardins began covering IAMGOLD Corporation (NYSE: IAG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned IAMGOLD Corporation (IAG) an Hold rating. IAG is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is IAG’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.50 and $4.87, with a median target price of $3.14. In analyzing these forecasts, the average price target given by analysts for IAMGOLD Corporation (IAG) is $3.23.