The stock of Iamgold Corp. (NYSE:IAG) last traded at $2.29, unchanged 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 $3.97 and a low of $2.53, we find $3.00. Given the previous closing price of $2.29, this indicates a potential upside of 31.0 percent. IAG stock price is now -1.07% away from the 50-day moving average and -11.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.10B.
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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 $3.16 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.
With an opening price of $2.2900 on Wednesday morning, Iamgold Corp. (NYSE: IAG) set off the trading day. During the past 12 months, Iamgold Corp. has had a low of $1.71 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 1.60, and a quick ratio of 1.17. The fifty day moving average price for IAG is $2.3146 and a two-hundred day moving average price translates $2.5744 for the stock.
The latest earnings results from Iamgold Corp. (NYSE: IAG) was released for Sep, 2023. According to the Gold Company, earnings per share came in at -$0.01, inline with analysts’ expectations of -$0.01. This compares to -$0.14 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 $224.5 million for the quarter, compared to $254.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.79 percent. For the current quarter, analysts expect IAG to generate $245.23M in revenue.
