A share price of Iamgold Corp. [IAG] is currently trading at $3.14, up 1.95%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IAG shares have gain 14.60% over the last week, with a monthly amount glided 27.13%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, IAMGOLD Completes Acquisition of EURO Ressources. In a post published today on Yahoo Finance, Toronto, Ontario–(Newsfile Corp. – February 27, 2024) – IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (“IAMGOLD” or the “Company”) announced today that it has completed, through its wholly-owned subsidiary IAMGOLD France S.A.S. (“IAMGOLD France”), the acquisition of all of the outstanding common shares (“EURO Shares”) of EURO Ressources S.A. (“EURO”) (other than the EURO Shares already owned by IAMGOLD France) (the “Acquisition”).
From an analyst’s perspective:
Iamgold Corp. [NYSE: IAG] stock has seen the most recent analyst activity on September 12, 2023, when RBC Capital Mkts upgraded its rating to a Sector Perform and also boosted its price target to $2.75 from $1.75. Previously, BMO Capital Markets upgraded its rating to Outperform on May 01, 2023, and elevated its price target to $3.25. On December 21, 2022, upgrade upgraded it’s rating to Hold. CIBC upgraded its rating to a Neutral. Canaccord Genuity upgraded its rating to a Hold. BofA Securities upgraded its rating to Buy for this stock on October 19, 2022, and downed its price target to $1.65. In a note dated May 05, 2022, Stifel downgraded an Sell rating on this stock.
Iamgold Corp. experienced fluctuations in its stock price throughout the past year between $1.99 and $3.34. Currently, Wall Street analysts expect the stock to reach $2.48 within the next 12 months. Iamgold Corp. [NYSE: IAG] shares were valued at $3.14 at the most recent close of the market. An investor can expect a potential drop of -21.02% based on the average IAG price forecast.
Analyzing the IAG fundamentals
Trailing Twelve Months sales for Iamgold Corp. [NYSE:IAG] were 988.20M which represents -13.34% decline. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
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 3.06 points at the first support level, and at 2.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.21, and for the 2nd resistance point, it is at 3.28.
Iamgold Corp. [IAG] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.04 and a surprise factor of 200.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.01 per share as compared to estimates of -$0.01 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Iamgold Corp. [NYSE:IAG] is 1.19. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 0.69 and price to earnings (TTM) ratio is 16.13.
