Are IAMGOLD Corporation (IAG) stocks a prudent buy?

IAMGOLD Corporation [IAG] stock prices are up down -1.87% to $1.05 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The IAG shares have lost -7.08% over the last week, with a monthly amount drifted -13.93%, and not seem to be holding up well over a long-time horizon.

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On 16, September 2022, IAMGOLD Announces Change to Management Team. In a post published today on Yahoo Finance, Toronto, Ontario–(Newsfile Corp. – September 16, 2022) – IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (“IAMGOLD” or the “Company”) today announced the departure of Daniella Dimitrov, Chief Financial Officer and Executive Vice President, Strategy & Corporate Development. The Company’s current Vice President, Finance, Mr. Maarten Theunissen has been appointed Interim Chief Financial Officer, and a search is underway for a permanent CFO.

From an analyst’s perspective:

IAMGOLD Corporation [NYSE: IAG] stock has seen the most recent analyst activity on May 05, 2022, when Stifel downgraded its rating to a Sell. Previously, National Bank Financial downgraded its rating to Sector Perform on May 05, 2022. On May 04, 2022, downgrade downgraded it’s rating to Underperform and revised its price target to $2.25 on the stock. Credit Suisse downgraded its rating to a Underperform and decreased its price target to $2.50 on May 04, 2022. Canaccord Genuity downgraded its rating to a Sell. RBC Capital Mkts downgraded its rating to Underperform for this stock on April 20, 2022, but kept the price target unchanged to $2. In a note dated April 18, 2022, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $4 to $2.75.

The stock price of IAMGOLD Corporation [IAG] has been fluctuating between $0.92 and $3.77 over the past year. Currently, Wall Street analysts expect the stock to reach $1.67 within the next 12 months. IAMGOLD Corporation [NYSE: IAG] shares were valued at $1.05 at the most recent close of the market. An investor can expect a potential return of 59.05% based on the average price forecast.

Analyzing the IAG fundamentals

The most recent quarter, IAMGOLD Corporation [NYSE:IAG] reported sales of 427.0 billion, representing a surge of 25.80%. Gross Margin for this corporation currently stands at -3.94% with Operating Margin at -7.69%, Pretax Margin comes in at -27.61%, and Net Margin reading is -22.02%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.0100 points at the first support level, and at 0.9700 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0800, and for the 2nd resistance point, it is at 1.1100.

IAMGOLD Corporation [IAG] reported earnings per share of $0.05 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.03 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.09 per share as compared to estimates of -$0.05 per share, a difference of $0.14 representing a surprise of 280.00%.

Ratios To Look Out For

It’s worth pointing out that IAMGOLD Corporation [NYSE:IAG]’s Current Ratio is 1.80. On the other hand, the Quick Ratio is 1.12, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 0.66.