The stock of Iamgold Corp. (NYSE:IAG) last traded at $2.07, down -3.72% from the previous session.
Data from the available sources indicates that Iamgold Corp. (NYSE:IAG) is covered by 12 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.10 and a low of $2.59, we find $3.25. Given the previous closing price of $2.15, this indicates a potential upside of 51.16 percent. IAG stock price is now -11.92% away from the 50-day moving average and -20.67% away from the 200-day moving average. The market capitalization of the company currently stands at $995.88M.
In total, 6 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $3.30 as their price target over the next twelve months.
With the price target enhanced from $1.75 to $2.75, RBC Capital Mkts Upgraded its rating from Underperform to Sector Perform for Iamgold Corp. (NYSE: IAG).
A total of 0.37% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IAG stock. A new stake in Iamgold Corp. shares was purchased by FMR LLC during the first quarter worth $14,490,000. HRT FINANCIAL LP invested $715,000 in shares of IAG during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Iamgold Corp. valued at approximately $693,000. EDMOND DE ROTHSCHILD HOLDING S.A. acquired a new stake in IAG for approximately $311,000. SPROTT INC. purchased a new stake in IAG valued at around $268,000 in the second quarter. In total, there are 237 active investors with 56.40% ownership of the company’s stock.
With an opening price of $2.1600 on Wednesday morning, Iamgold Corp. (NYSE: IAG) set off the trading day. During the past 12 months, Iamgold Corp. has had a low of $1.00 and a high of $3.34. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 2.38, and a quick ratio of 1.87. The fifty day moving average price for IAG is $2.3348 and a two-hundred day moving average price translates $2.6102 for the stock.
The latest earnings results from Iamgold Corp. (NYSE: IAG) was released for Jun, 2023. According to the Gold Company, earnings per share came in at -$0.01, inline with analysts’ expectations of -$0.01. This compares to $0.03 EPS in the same period last year. The net profit margin was -21.66% and return on equity was -12.56% for IAG. The company reported revenue of $238.8 million for the quarter, compared to $232.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.89 percent. For the current quarter, analysts expect IAG to generate $239.76M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2013. Investors who held shares on 07/03/2013 were paid a $0.125 dividend.
Iamgold Corp.(IAG) Company Profile
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America and West Africa. The company owns 100% interest in the Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa. Its exploration and development projects include the 100% owned Diakha-Siribaya project that covers an area of approximately 600 square kilometres situated in Mali; the Monster Lake projects located in Quebec, Canada; and the Karita project that covers an area of approximately 100 square kilometres located in Guinea, as well as Pitangui project in Brazil, and 75% owned the Nelligan located in Québec. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.
