IAMGOLD Corporation (NYSE: IAG) Share Price Forecast: $4.34 in 2022 With Positive Signs

4.53 million shares of IAMGOLD Corporation (NYSE: IAG) were traded during today’s latest session, and its beta is 1.13. Most recently, the company’s share price was $2.88, down roughly $0.07 or 2.37 percent from the previous closing, bringing the company’s market capitalization to $1.29B. 

IAG was trading at a discount to its 52-week high of $3.85 at this writing, representing a nearly -33.68 percent discount to that price. The 52-week low for the stock was $2.16, indicating that the latest price has increased by an amazing 25.0 percent since then. 

IAMGOLD Corporation’s average daily trading volume is 6.85 million shares on a 10-day average and 6.95 million on a three-month average.

The consensus recommendation for IAMGOLD Corporation is a Hold, based on a mean score of 3.00. If we focus it further, the data indicates that 1 analyst out of 12 rates the stock as a Sell, while the remaining 0 ranks it as Overweight. 

Seven analysts suggested IAG as a Hold, three as a Buy, and one as Underweight. IAMGOLD Corporation is projected to record a quarterly profit of $0 per share.

Trade data for IAMGOLD Corporation (NYSE: IAG).

Instantly, IAG has been in the red today, with a -2.37 percent loss in intraday trade. Over the previous five days, the performance has stayed in the green. 

The stock’s daily price grew by 3.03 percent after the surge to weekly highs of 2.97 on Monday, 02/14/22. The stock is now down -5.75 percent year to date, but up 9.67 percent in the past five days. 

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In comparison, IAMGOLD Corporation (NYSE: IAG) has been up 9.67 percent over the last 30 days. As can be seen from the shorts, 7.7 million shares were sold at a 0.89 day short interest cover time (s).

The average price objective set by Wall Street analysts is $3.00, implying that bulls must raise the price of their company by 4% from its present level. 

According to analyst forecasts, IAG will trade between $2.00 and $4.34. To reach the expected high, the stock must fall -50.69 percent from its present level, while it must plummet 30.56 percent from its current level to reach the projected low.

Estimates and predictions for IAMGOLD Corporation (IAG)

IAMGOLD Corporation’s stock price is doing very well compared to other firms in its sector. As seen by the figures, the company’s shares have increased 21.90 percent over the last six months and are growing at a -136.84 percent annual pace, which is much less than the industry average of -0.70 percent.

Two financial experts’ consensus forecasts indicate the firm will earn an average of $313.47 million in sales for the current quarter. IAMGOLD Corporation is expected to earn $367.4 million in sales for the quarter ending March 2022, according to 1 analyst.

In terms of year-over-year profits growth, the firm has achieved a positive rate of 15.30 percent over the last five years. Earnings at IAMGOLD Corporation are predicted to climb by 110.10 percent in 2022, while the view for the following five years is favorable at 3.98 percent each year.

Dividends from IAG

The next quarterly earnings report from IAMGOLD Corporation will be issued between February 15 and February 21.

Major shareholders of IAMGOLD Corporation (NYSE: IAG)

According to our analysis of key shareholders, insiders own 0.41 percent of IAMGOLD Corporation shares, while institutional investors own 65.16 percent. 

The stock now has a 65.43 percent share float. 256 institutions own shares in IAMGOLD Corporation, with Van Eck Associates Corporation being the top institutional investor. By September 29, 2021, it had acquired 10.29 percent of the shares, or around 49.08 million shares valued at $110.92 million.

Smith (Donald) & Company Inc., with 8.67 percent or 41.33 million shares valued at $93.41 million as of September 29, 2021, owns the second greatest proportion of outstanding shares with 8.67 percent 41.33 million shares valued at $93.41 million.

As of September 29, 2021, the top two mutual funds were VanEck Vectors ETF Tr-Gold Miners ETF and VanEck Vectors ETF Tr-Junior Gold Miners ETF. The former possessed 24.22 million shares valued at $54.74 million, or 5.08 percent of the total number of outstanding shares. 

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By contrast, VanEck Vectors ETF Tr-Junior Gold Miners ETF had around 21.13 million shares valued at approximately $47.75 million, or approximately 4.43 percent of total shares outstanding.

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