Iamgold Corp (NYSE:IAG) shares, rose in value, with the stock price down by -0.93% to the previous day’s close as strong demand from buyers drove the stock to $6.37.
Actively observing the price movement in the recent trading, the stock is buoying the session at $6.43, falling within a range of $6.2937 and $6.5666. The value of beta (5-year monthly) is 1.543 whereas the PE ratio is 4.39 over 12-month period. Referring to stock’s 52-week performance, its high was $6.69, and the low was $3.21. On the whole, IAG has fluctuated by 17.10% over the past month.
With the market capitalization of Iamgold Corp currently standing at about $3.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.37B, with a low estimate of 505.52M and a high estimate of 505.52M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 505.52M.
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 50% 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 0.22, with the price of IAG currently trading nearly 8.81% and 6.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.53, while the 7-day volatility ratio is showing 3.55% which for the 30-day chart, stands at 4.58%. Furthermore, Iamgold Corp (IAG)’s beta value is 1.54, and its average true range (ATR) is 0.27.
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 -0.93% in today’s session so far, and over the past year, it grew by 106.15%%.
Data on historical trading for Iamgold Corp (NYSE:IAG) indicates that the trading volumes over the past 10 days have averaged 10.67 and over the past 3 months, they’ve averaged 11.80 million. According to company’s latest data on outstanding shares, there are 571.40 million shares outstanding.
Nearly 3.95% of Iamgold Corp’s shares belong to company insiders and institutional investors own 57.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.72 million shares as on 2025-03-14, resulting in a short ratio of 0.82. The stock has risen by 23.45% 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.
