IAG Stock Summary and Trading Ideas (Iamgold | NYSE:IAG)

Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Burkina Faso - Essakane mine, Canada - Doyon division, including Westwood mine. The company's s non-gold mine segments are the Cote Gold project, Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Burkina Faso segment.

Iamgold trades on the NYSE stock market under the symbol IAG.

As of January 6, 2025, IAG stock price declined to $5.39 with 10,051,112 million shares trading.

IAG has a beta of 1.88, meaning it tends to be more sensitive to market movements. IAG has a correlation of 0.17 to the broad based SPY ETF.

IAG has a market cap of $3.08 billion. This is considered a Mid Cap stock.

Last quarter Iamgold reported $439 million in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-10,000 and exceeded earnings estimates by $.08.

In the last 3 years, IAG traded as high as $6.37 and as low as $.92.

The top ETF exchange traded funds that IAG belongs to (by Net Assets): GDX, GDXJ, DISV, DFIS, DFIC.

IAG has outperformed the market in the last year with a price return of +128.4% while the SPY ETF gained +28.7%. IAG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.9% and +4.1%, respectively, while the SPY returned +4.2% and +0.1%, respectively.

IAG support price is $5.34 and resistance is $5.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IAG shares will trade within this expected range on the day.