With 3.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.92 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $2.3300 whereas the lowest price it dropped to was $2.2700. The 52-week range on IAG shows that it touched its highest point at $3.34 and its lowest point at $1.75 during that stretch. It currently has a 1-year price target of $3.11. Beta for the stock currently stands at 1.40.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IAG was up-trending over the past week, with a rise of 6.88%, but this was down by -3.32% over a month. Three-month performance surged to 6.88% while six-month performance fell -15.27%. The stock gained 30.17% in the past year, while it has lost -9.69% so far this year. A look at the trailing 12-month EPS for IAG yields -0.60 with Next year EPS estimates of 0.30. For the next quarter, that number is -0.00. This implies an EPS growth rate of 125.06% for this year and 884.28% for next year.
Float and Shares Shorts:
At present, 481.10 million IAG shares are outstanding with a float of 479.90 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.43 million, which was 1.34% higher than short shares on Sep 28, 2023. In addition to Mr. Marthinus Wilhelmus Theunissen as the firm’s Chief Financial Officer, Mr. Bruno Lemelin serves as its Chief Operating Officer.
Institutional Ownership:
Through their ownership of 67.84% of IAG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.66% of IAG, in contrast to 17.15% held by mutual funds. As the largest shareholder in IAG with 9.72% of the stake, Van Eck Associates Corp. holds 46,749,294 shares worth 46,749,294. A second-largest stockholder of IAG, Donald Smith & Co., Inc., holds 31,419,865 shares, controlling over 6.53% of the firm’s shares. Kopernik Global Investors LLC is the third largest shareholder in IAG, holding 17,875,791 shares or 3.72% stake. With a 5.41% stake in IAG, the VanEck Gold Miners ETF is the largest stakeholder. A total of 26,001,084 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 3.61% of IAG stock, is the second-largest Mutual Fund holder. It holds 17,375,813 shares valued at 44.13 million. Vanguard Selected Value Fund holds 2.86% of the stake in IAG, owning 13,779,630 shares worth 35.0 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IAG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IAG analysts setting a high price target of $3.97 and a low target of $2.55, the average target price over the next 12 months is $3.11. Based on these targets, IAG could surge 70.39% to reach the target high and rise by 9.44% to reach the target low. Reaching the average price target will result in a growth of 33.48% from current levels.
