A share price of Iamgold Corp. [IAG] is currently trading at $4.77, down -1.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The IAG shares have gain 5.07% over the last week, with a monthly amount drifted -11.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Iamgold Corp. [NYSE: IAG] stock has seen the most recent analyst activity on October 10, 2024, when National Bank Financial upgraded its rating to a Outperform. On September 12, 2023, upgrade upgraded it’s rating to Sector Perform and revised its price target to $2.75 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $3.25 on May 01, 2023. Stifel upgraded its rating to a Hold. CIBC upgraded its rating to Neutral for this stock on December 20, 2022. In a note dated December 20, 2022, Canaccord Genuity upgraded an Hold rating on this stock.
Iamgold Corp. experienced fluctuations in its stock price throughout the past year between $2.11 and $5.60. Currently, Wall Street analysts expect the stock to reach $4.02 within the next 12 months. Iamgold Corp. [NYSE: IAG] shares were valued at $4.77 at the most recent close of the market. An investor can expect a potential drop of -15.72% based on the average IAG price forecast.
Analyzing the IAG fundamentals
Trailing Twelve Months sales for Iamgold Corp. [NYSE:IAG] were 1.25B which represents 63.49% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.32.
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 4.68 points at the first support level, and at 4.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.82, and for the 2nd resistance point, it is at 4.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Iamgold Corp. [NYSE:IAG] is 1.34. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 19.14.
