The closing price of Iamgold Corp. (NYSE: IAG) was $2.35 for the day, up 2.62% from the previous closing price of $2.29. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 2531649 shares were traded. IAG stock price reached its highest trading level at $2.3500 during the session, while it also had its lowest trading level at $2.2600.
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Ratios:
Our analysis of IAG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.38. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on September 12, 2023, Upgraded its rating to Sector Perform and sets its target price to $2.75 from $1.75 previously.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IAG now has a Market Capitalization of 1.13B and an Enterprise Value of 1.35B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 1.46 whereas that against EBITDA is 4.23.
Stock Price History:
Over the past 52 weeks, IAG has reached a high of $3.34, while it has fallen to a 52-week low of $1.06. The 50-Day Moving Average of the stock is 2.2690, while the 200-Day Moving Average is calculated to be 2.6052.
Shares Statistics:
IAG traded an average of 3.08M shares per day over the past three months and 3M shares per day over the past ten days. A total of 481.10M shares are outstanding, with a floating share count of 479.93M. Insiders hold about 0.24% of the company’s shares, while institutions hold 56.13% stake in the company. Shares short for IAG as of Sep 28, 2023 were 6.41M with a Short Ratio of 6.41M, compared to 8.49M on Aug 30, 2023.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.04, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.01, with high estimates of $0.03 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.15 and -$0.02 for the fiscal current year, implying an average EPS of $0.06. EPS for the following year is $0.28, with 10 analysts recommending between $0.73 and -$0.04.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $243M to a low estimate of $224.5M. As of the current estimate, Iamgold Corp.’s year-ago sales were $297.85M, an estimated decrease of -21.50% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $233.46M, an increase of 12.70% over than the figure of -$21.50% in the same quarter last year. There is a high estimate of $233.46M for the next quarter, whereas the lowest estimate is $233.46M.
A total of 7 analysts have provided revenue estimates for IAG’s current fiscal year. The highest revenue estimate was $961M, while the lowest revenue estimate was $905M, resulting in an average revenue estimate of $927.85M. In the same quarter a year ago, actual revenue was $958.8M, down -3.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.26B in the next fiscal year. The high estimate is $1.5B and the low estimate is $1.04B. The average revenue growth estimate for next year is up 35.80% from the average revenue estimate for this year.
