Iamgold Corp (NYSE:IAG) shares, rose in value on Friday, November 22, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $5.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.70, falling within a range of $5.63 and $5.75. The value of beta (5-year monthly) is 1.488 whereas the PE ratio is 4.46 over 12-month period. Referring to stock’s 52-week performance, its high was $6.37, and the low was $2.11. On the whole, IAG has fluctuated by -4.59% over the past month.
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With the market capitalization of Iamgold Corp currently standing at about $4.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.67B, with a low estimate of 540.18M and a high estimate of 540.18M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 540.18M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IAG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.11, with the price of IAG currently trading nearly 6.00% and 6.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.73, while the 7-day volatility ratio is showing 3.75% which for the 30-day chart, stands at 4.36%. Furthermore, Iamgold Corp (IAG)’s beta value is 1.58, and its average true range (ATR) is 0.25.
A comparison of Iamgold Corp (IAG) with its peers suggests the former has fared considerably weaker in the market. IAG showed an intraday change of 0.26% in today’s session so far, and over the past year, it grew by 136.16%%.
Data on historical trading for Iamgold Corp (NYSE:IAG) indicates that the trading volumes over the past 10 days have averaged 8.05 and over the past 3 months, they’ve averaged 8.46 million. According to company’s latest data on outstanding shares, there are 570.30 million shares outstanding.
Nearly 0.24% of Iamgold Corp’s shares belong to company insiders and institutional investors own 58.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.42 million shares as on 2024-10-31, resulting in a short ratio of 0.57. The stock has risen by 125.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IAG stock heading into the next quarter.
