Iamgold Corp [IAG] stock prices are saw in change for the day to $5.70 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IAG shares have gain 15.38% over the last week, with a monthly amount drifted -4.84%, 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 22, 2024, when Canaccord Genuity upgraded its rating to a Buy. Previously, National Bank Financial upgraded its rating to Outperform on October 10, 2024. RBC Capital Mkts upgraded its rating to a Sector Perform and increased its price target to $2.75 on September 12, 2023. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $3.25 on May 01, 2023. Stifel upgraded its rating to Hold for this stock on December 21, 2022. In a note dated December 20, 2022, CIBC upgraded an Neutral rating on this stock.
The stock price of Iamgold Corp [IAG] has been fluctuating between $2.11 and $6.37 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 $5.70 at the most recent close of the market. An investor can expect a potential drop of -29.47% based on the average IAG price forecast.
Analyzing the IAG fundamentals
The Iamgold Corp [NYSE:IAG] reported sales of 1.48B for trailing twelve months, representing a surge of 100.27%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.57%, and Net Profit Margin reading is 0.49%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.28 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 5.64 points at the first support level, and at 5.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.76, and for the 2nd resistance point, it is at 5.81.
Ratios To Look Out For
It’s worth pointing out that Iamgold Corp [NYSE:IAG]’s Current Ratio is 0.89. Further, the Quick Ratio stands at 0.61, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 3.09, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 4.45.
