The price of Iamgold Corp. (NYSE:IAG) shares last traded on Wall Street rose 4.39% to $3.33.
IAG stock price is now 23.33% away from the 50-day moving average and 32.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.64B.
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). On May 01, 2023, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $2 to quote $3.25, while ‘Stifel’ rates the stock as ‘Hold’
A total of 0.27% of the company’s stock is owned by insiders.
During the past 12 months, Iamgold Corp. has had a low of $1.99 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 1.19, and a quick ratio of 0.77. The fifty day moving average price for IAG is $2.7172 and a two-hundred day moving average price translates $2.5171 for the stock.
The latest earnings results from Iamgold Corp. (NYSE: IAG) was released for Dec, 2023. According to the Gold Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.02 by 0.04. This compares to $0.06 EPS in the same period last year. The company reported revenue of $297.6 million for the quarter, compared to $207.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.63 percent. For the current quarter, analysts expect IAG to generate $235.87M in revenue.
Iamgold Corp.(IAG) Company Profile
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.
