A new trading day began on Monday, with Iamgold Corp (NYSE: IAG) stock price down -6.49% from the previous day of trading, before settling in for the closing price of $5.70. IAG’s price has ranged from $2.11 to $6.37 over the past 52 weeks.
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Annual sales at Basic Materials sector company slipped by -0.91% over the past five years. Meanwhile, its annual earnings per share averaged 513.32%. With a float of $569.80 million, this company’s outstanding shares have now reached $571.20 million.
Let’s look at the performance matrix of the company that is accounted for 4341 employees. In terms of profitability, gross margin is 30.37%, operating margin of 57.3%, and the pretax margin is 57.33%.
Iamgold Corp (IAG) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Iamgold Corp is 0.24%, while institutional ownership is 58.34%.
Iamgold Corp (IAG) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.06 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 513.32% per share during the next fiscal year.
Iamgold Corp (NYSE: IAG) Trading Performance Indicators
Here are Iamgold Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.28, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 0.80 in one year’s time.
Technical Analysis of Iamgold Corp (IAG)
Iamgold Corp (NYSE: IAG) saw its 5-day average volume 6.69 million, a negative change from its year-to-date volume of 9.02 million. As of the previous 9 days, the stock’s Stochastic %D was 80.98%. Additionally, its Average True Range was 0.26.
During the past 100 days, Iamgold Corp’s (IAG) raw stochastic average was set at 64.51%, which indicates a significant increase from 44.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.71% in the past 14 days, which was higher than the 60.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.34, while its 200-day Moving Average is $4.21. Nevertheless, the first resistance level for the watch stands at $5.45 in the near term. At $5.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.66. If the price goes on to break the first support level at $5.24, it is likely to go to the next support level at $5.16. Assuming the price breaks the second support level, the third support level stands at $5.03.
Iamgold Corp (NYSE: IAG) Key Stats
With a market capitalization of 4.27 billion, the company has a total of 571,091K Shares Outstanding. Currently, annual sales are 987,100 K while annual income is 94,300 K. The company’s previous quarter sales were 438,900 K while its latest quarter income was 594,100 K.
