At the time of writing, Iamgold Corp [IAG] stock is trading at $7.83, down -3.21%. 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 13.81% over the last week, with a monthly amount glided 27.94%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, CIBC upgraded its rating to Sector Outperform on December 02, 2024. On December 02, 2024, downgrade downgraded it’s rating to Neutral. Canaccord Genuity upgraded its rating to a Buy. National Bank Financial upgraded its rating to a Outperform. In a note dated September 12, 2023, RBC Capital Mkts upgraded an Sector Perform rating on this stock and boosted its target price from $1.75 to $2.75.
For the past year, the stock price of Iamgold Corp fluctuated between $3.44 and $8.38. Currently, Wall Street analysts expect the stock to reach $8.2 within the next 12 months. Iamgold Corp [NYSE: IAG] shares were valued at $7.83 at the most recent close of the market. An investor can expect a potential return of 4.73% based on the average IAG price forecast.
Analyzing the IAG fundamentals
According to Iamgold Corp [NYSE:IAG], the company’s sales were 1.67B for trailing twelve months, which represents an 63.17% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.6%, and Net Profit Margin reading is 0.5%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.29 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.
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 7.50 points at the first support level, and at 7.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.12, and for the 2nd resistance point, it is at 8.42.
Ratios To Look Out For
It is important to note that Iamgold Corp [NYSE:IAG] has a current ratio of 1.21. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 1.34 and price to earnings (TTM) ratio is 5.40.
