The Insider Activity Of IAMGOLD Corporation (IAG) Is Worth Monitoring


IAMGOLD Corporation (NYSE:IAG) finished Thursday with an addition of $0.08 to close at $2.57, an upside of 3.21 percent. An average of 8,461,100 shares of common stock have been traded in the last five days. There was a gain of $0.22 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 6,978,550 shares traded, while the 50-day average volume stands at 5,980,414.

IAG stock has increased by 32.47% in the last month. The company shares reached their 1-month lowest point of $1.82 on 12/19/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $0.92 and a high of $3.77 in 52 weeks. It has reached a new high 14 times so far this year and lost -17.89% or -$0.56 in price. In spite of this, the price is down -31.83% from the 52-week high.

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Valuation Metrics

IAMGOLD Corporation (IAG) stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.92, the price-to-book (PB) ratio at 0.57, and the price-to-cash flow ratio at 6.88.

Financial Health

The quick ratio of IAMGOLD Corporation for the three months ended September 29 was 1.30, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.43 for the quarter ending September 29. Its gross profit as reported stood at $2.7 million compared to revenue of $1.15 billion.

Earnings Surprise

For the three-month period that ended September 29, IAMGOLD Corporation had $2.3 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$412.6 million in the quarter, while revenues were grew 93.17%. The analyst consensus anticipated IAMGOLD Corporation’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.03, a 0.00% surprise. For the quarter, EBITDA amounted to -$16.5 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 29 December was 71.84%, suggesting the stock is Overbought, with historical volatility in this time frame at 114.99%.

As of today, IAG’s price is $2.51 +9.36% or $0.22 from its 5-day moving average. IAG is currently trading +25.37% higher than its 20-day SMA and +90.37% higher than its 100-day SMA. However, the stock’s current price level is +102.36% above the SMA50 and -18.93% below the SMA200.

The stochastic %K and %D were 89.71% and 90.21%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 92.59% and the average true range at 0.15, the RSI (14) stands at 69.89%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.34.

Analyst Ratings

Stifel upgraded IAMGOLD Corporation (NYSE: IAG) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for IAMGOLD Corporation (IAG) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell IAG, while 7 suggest investors hold. There are 0 analysts 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 $1.50 and $2.92, with a median target of $2.31. Taking a look at these predictions, the average price target given by analysts for IAMGOLD Corporation (IAG) stock is $2.34.


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