Iamgold Corp. (NYSE: IAG) on Monday, soared 3.02% from the previous trading day, before settling in for the closing price of $5.97. Within the past 52 weeks, IAG’s price has moved between $2.11 and $6.03.
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Annual sales at Basic Materials sector company slipped by -0.91% over the past five years. The company achieved an average annual earnings per share of 445.29%. With a float of $568.93 million, this company’s outstanding shares have now reached $570.30 million.
Let’s look at the performance matrix of the company that is accounted for 4341 employees. In terms of profitability, gross margin is 22.99%, operating margin of 18.27%, and the pretax margin is 17.02%.
Iamgold Corp. (IAG) Insider and Institutional Ownership
Observing investor behavior towards Gold industry stocks is more important than anything else. The insider ownership of Iamgold Corp. is 0.24%, while institutional ownership is 54.47%.
Iamgold Corp. (IAG) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.01 earnings per share (EPS) for the period topping the consensus outlook (set at -0.01) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 445.29% per share during the next fiscal year.
Iamgold Corp. (NYSE: IAG) Trading Performance Indicators
Iamgold Corp. (IAG) is currently performing well based on its current performance indicators. A quick ratio of 0.90 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.25, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.78 in one year’s time.
Technical Analysis of Iamgold Corp. (IAG)
Iamgold Corp. (NYSE: IAG) saw its 5-day average volume 13.14 million, a positive change from its year-to-date volume of 9.17 million. As of the previous 9 days, the stock’s Stochastic %D was 93.51%. Additionally, its Average True Range was 0.26.
During the past 100 days, Iamgold Corp.’s (IAG) raw stochastic average was set at 95.76%, which indicates a significant increase from 93.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.27% in the past 14 days, which was higher than the 58.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.12, while its 200-day Moving Average is $3.83. Nevertheless, the first resistance level for the watch stands at $6.29 in the near term. At $6.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.60. If the price goes on to break the first support level at $5.98, it is likely to go to the next support level at $5.82. The third support level lies at $5.67 if the price breaches the second support level.
Iamgold Corp. (NYSE: IAG) Key Stats
Market capitalization of the company is 3.51 billion based on 569,281K outstanding shares. Right now, sales total 987,100 K and income totals 94,300 K. The company made 385,300 K in profit during its latest quarter, and 84,500 K in sales during its previous quarter.
