The stock of IAMGOLD Corporation (NYSE:IAG) increased by $0.07 on Tuesday to finish at $2.46, up 2.93 percent. The last five days have seen an average of 2,657,740 shares of common stock traded. 17 times new highs were reached in the current year, with a fall of -$0.12. The average number of shares traded over the last 20 days was 2,835,370, while the average volume over the last 50 days totaled 2,722,932.
IAG stock dropped -9.56% since last month. On 08/21/23, the company’s shares reached a one-month low of $2.09. The stock touched a high of $3.34 on 05/04/23, after rallying from a low of $0.92 in 52 weeks. The price of IAG stock has declined by -4.65% or -$0.12 this year, reaching a new high 17 times. Still, the stock price is down -26.24% from the 52-week high.
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Valuation Metrics
IAMGOLD Corporation (IAG) has a trailing price-to-earnings (P/E) ratio of 27.95. Beta for the stock is 1.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 0.53.
Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year.
Financial Health
For the three months ended June 29, IAMGOLD Corporation’s quick ratio was 1.90, while its current ratio was 2.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.42, and the total debt to equity ratio is 0.43. As far as profitability goes, gross margin for the trailing twelve months is 12.30% percent. Based on annual data, it had gross profit of $147.9 million and revenue of $958.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -1.10% return on investment (ROI) in the past year.
Earnings Surprise
According to IAMGOLD Corporation’s quarterly financial report for the quarter that ended June 29. A higher 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 -$0.01, but it ended up being -$0.01. EBITDA was $48.7 million for the quarter. At the end of IAMGOLD Corporation’s most recent quarter ended June 29, its liabilities totaled 2.17 billion, while its total debt was $965.8 million.
Technical Picture
Here’s a quick look at IAMGOLD Corporation’s (IAG) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 61.97%, suggesting the stock is Neutral, with a 46.36% historical volatility rate.
The stochastic %K and %D were 77.14% and 62.86% respectively, while the average true range (ATR) was 0.10. Based on the 14-day stochastic reading of 100.00%, the RSI (14) reading is 53.58%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.10.
Analyst Ratings
In its most recent analyst report, BMO Capital Markets raised its rating on IAMGOLD Corporation (NYSE: IAG) to an Outperform. Prior to this, analysts firm rated the stock as a Market perform. Analysts have assigned IAMGOLD Corporation (IAG) an Hold rating. IAG is a stock that is recommended for selling by 2 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 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 $1.75 and $4.10, with a median target price of $3.28. In analyzing these forecasts, the average price target given by analysts for IAMGOLD Corporation (IAG) is $3.17.
