IAMGOLD Corporation (NYSE:IAG) traded at $2.76 at last check on Tuesday, January 24, made an upward move of 2.60% on its previous day’s price.
Looking at the stock we see that its previous close was $2.69 and the beta (5Y monthly) reads 1.25 with the day’s price range being $2.665 – $2.74. In terms of its 52-week price range, IAG has a high of $3.77 and a low of $0.92. The company’s stock has gained about 17.98% over that past 30 days.
IAMGOLD Corporation has a market cap of $1.26 billion and is expected to release its quarterly earnings report on Feb 21, 2023 – Feb 27, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.03, with the EPS growth for the year raised at -$0.01 for 2022 and -$0.01 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $297.85 million, with a low of $285.38 million and a high of $314.16 million. The median projection represents growth squeezing down to 1.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.29 billion, or 11.60% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the IAG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 11 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the IAMGOLD Corporation (IAG) stock as a Hold, while 2 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 5.16% off its SMA20 and 23.53% from its 50-day simple moving average. The RSI (14) is pointing at 64.06 while the volatility over the past week is 4.66% and jumps to 5.35% over the past one month. The beta value is 1.40, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $2.85, with the estimates having a low of $2.00 and a high of $4.30. These price ends are 27.54% and -55.8% off the today’s price level respectively, although investors could be excited at the prospect of a 0.36% if the IAG share price touches on the median price of $2.75.
Let’s briefly compare IAMGOLD Corporation (IAG) stock to its peers. We find that today’s price change of 2.60% and -0.37% over the past 12 months for IAG competes that of Alamos Gold Inc. (AGI), which has seen its stock price rise 1.52% in the latest trading session and is 55.49% over the last one year. Another of its peers Taseko Mines Limited (TGB) has dropped -0.28% today, and was -11.33% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.
Coming back to IAMGOLD Corporation (NYSE:IAG), we note that the average 3-month trading volume was 6.32 million, while that of the preceding 10-day period stands at 7.03 million. Current shares outstanding are 479.00 million.
The insiders hold 1.70% of the company’s shares while institutions hold 76.80%. The data shows that short shares as of Oct 13, 2022, stood at 23.98 million at a short ratio of 3.6. This represents a 5.01% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 28.42 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 4.26% up in year-to-date price movement.