A share price of Iamgold Corp [IAG] is currently trading at $5.56, up 1.65%. 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 3.15% over the last week, with a monthly amount drifted -6.08%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Iamgold Corp [NYSE: IAG] stock has seen the most recent analyst activity on December 02, 2024, when CIBC upgraded its rating to a Sector Outperform. Previously, CIBC downgraded its rating to Neutral on December 02, 2024. On October 22, 2024, upgrade upgraded it’s rating to Buy. National Bank Financial upgraded its rating to a Outperform. RBC Capital Mkts upgraded its rating to Sector Perform for this stock on September 12, 2023, and upped its price target to $2.75. In a note dated May 01, 2023, BMO Capital Markets upgraded an Outperform rating on this stock and boosted its target price from $2 to $3.25.
Iamgold Corp experienced fluctuations in its stock price throughout the past year between $2.23 and $6.37. Currently, Wall Street analysts expect the stock to reach $6.4 within the next 12 months. Iamgold Corp [NYSE: IAG] shares were valued at $5.56 at the most recent close of the market. An investor can expect a potential return of 15.11% based on the average IAG price forecast.
Analyzing the IAG fundamentals
Trailing Twelve Months sales for Iamgold Corp [NYSE:IAG] were 1.48B which represents 100.27% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 5.28 points at the first support level, and at 5.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.75, and for the 2nd resistance point, it is at 5.95.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Iamgold Corp [NYSE:IAG] is 0.89. In addition, the Quick Ratio stands at 0.61 and the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 2.15, the price to book ratio is 0.98 and price to earnings (TTM) ratio is 4.34.
