In yesterday’s Wall Street session, Iamgold Corp. (NYSE:IAG) shares traded at $2.53, down -0.39% from the previous session.
12 analysts cover Iamgold Corp. (NYSE:IAG), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.02 and a low of $2.53, we find $3.25. Given the previous closing price of $2.54, this indicates a potential upside of 27.95 percent. IAG stock price is now 9.66% away from the 50-day moving average and -2.52% away from the 200-day moving average. The market capitalization of the company currently stands at $1.22B.
The stock has received a hold rating from 6 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $3.24 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 0.24% of the company’s stock is owned by insiders.
On Wednesday morning Iamgold Corp. (NYSE: IAG) stock kicked off with the opening price of $2.5500. During the past 12 months, Iamgold Corp. has had a low of $1.30 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 $2.3072 and a two-hundred day moving average price translates $2.5954 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 $233.75M in revenue.
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.
