In yesterday’s Wall Street session, Iamgold Corp. (NYSE:IAG) shares traded at $3.76, up 1.35% from the previous session.
IAG stock price is now -3.43% away from the 50-day moving average and 19.81% away from the 200-day moving average. The market capitalization of the company currently stands at $1.87B.
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On September 12, 2023, RBC Capital Mkts Upgraded its previous ‘Underperform’ rating to ‘Sector Perform’ on the stock increasing its target price from $1.75 to quote $2.75, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
A total of 0.28% 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 $2564399104, which is based on a 13.37 price-to-earnings ratio, a 0.33 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for IAG is $3.8912 and a two-hundred day moving average price translates $3.14535 for the stock.
The latest earnings results from Iamgold Corp. (NYSE: IAG) was released for 2024-03-31. 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 $370.3M in revenue.
