Iamgold Corp. [IAG] stock is trading at $5.50, up 0.55%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IAG shares have gain 3.97% over the last week, with a monthly amount glided 6.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts upgraded its rating to Sector Perform on September 12, 2023, and elevated its price target to $2.75. On May 01, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $3.25 on the stock. Stifel upgraded its rating to a Hold. CIBC upgraded its rating to a Neutral. Canaccord Genuity upgraded its rating to Hold for this stock on December 20, 2022. In a note dated October 19, 2022, BofA Securities upgraded an Buy rating on this stock and revised its target price from $2.10 to $1.65.
Iamgold Corp. [IAG] stock has fluctuated between $1.99 and $5.58 over the past year. Currently, Wall Street analysts expect the stock to reach $4.02 within the next 12 months. Iamgold Corp. [NYSE: IAG] shares were valued at $5.50 at the most recent close of the market. An investor can expect a potential drop of -26.91% based on the average IAG price forecast.
Analyzing the IAG fundamentals
Iamgold Corp. [NYSE:IAG] reported sales of 1.25B for the trailing twelve months, which represents a growth of 63.49%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 5.42 points at the first support level, and at 5.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.58, and for the 2nd resistance point, it is at 5.66.
Ratios To Look Out For
For context, Iamgold Corp.’s Current Ratio is 1.34. In addition, the Quick Ratio stands at 0.90 and the Cash Ratio stands at 0.78. Considering the valuation of this stock, the price to sales ratio is 2.50, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 22.07.
