Iamgold Corp. (NYSE:IAG) shares traded -1.74% lower at $3.95 on Wall Street last session.
IAG stock price is now 5.41% away from the 50-day moving average and 42.44% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
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With the price target enhanced from $1.75 to $2.75, RBC Capital Mkts Upgraded its rating from Underperform to Sector Perform for Iamgold Corp. (NYSE: IAG). On May 01, 2023, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $2 to quote $3.25, while ‘Stifel’ rates the stock as ‘Hold’
A total of 0.27% of the company’s stock is owned by insiders.
During the past 12 months, Iamgold Corp. has had a low of $1.99 and a high of $4.59. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 0.91, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $2683654912, which is based on a 14.05 price-to-earnings ratio, a 0.35 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for IAG is $3.7646 and a two-hundred day moving average price translates $2.7816 for the stock.
The latest earnings results from Iamgold Corp. (NYSE: IAG) was released for 2024-03-31. According to the Gold Company, earnings per share came in at -0.01, inline with analysts’ expectations of -0.01. This compares to $0.01 EPS in the same period last year. The net profit margin was 12.47% and return on equity was 6.25% for IAG. The company reported revenue of $338.9 million for the quarter, compared to $226.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.82 percent. For the current quarter, analysts expect IAG to generate $405.14M in revenue.
