28-Mar-2024
No headlines found.
METALLA PROVIDES UPDATE ON GOSSELIN & CT ROYALTY AND 2024 CATALYSTS
PRNewswire (Mon, 26-Feb 7:00 AM ET)
Globe Newswire (Tue, 30-Jan 8:30 AM ET)
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 March 28, 2024, IAG stock price climbed to $3.33 with 9,516,959 million shares trading.
IAG has a beta of 1.09, meaning it tends to be more sensitive to market movements. IAG has a correlation of 0.05 to the broad based SPY ETF.
IAG has a market cap of $1.65 billion. This is considered a Small Cap stock.
Last quarter Iamgold reported $298 million in Revenue and $.06 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.04.
In the last 3 years, IAG stock traded as high as $3.85 and as low as $.92.
The top ETF exchange traded funds that IAG belongs to (by Net Assets): GDX, GDXJ, DISV, DFIC, DFAI.
IAG stock has underperformed the market in the last year with a return of +27.1%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IAG shares. However, IAG has outperformed the market in the last 3 month and 2 week periods, returning +26.1% and +6.4%, while SPY returned +10.1% and +1.7%, respectively. This indicates IAG has been having a stronger performance recently.
IAG support price is $3.08 and resistance is $3.30 (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 stock will trade within this expected range on the day.