Iamgold Corporation (IAG) closed at $6.53 on the most recent trading day, marking a gain of 0.93% compared to the previous session. This performance came amid a broader market decline, with the S&P 500 dropping 4.84%, the Dow losing 3.98%, and the Nasdaq falling 5.97%. Over the past month, Iamgold shares have risen by 14.11%, while the Basic Materials sector saw modest growth of 0.78%.
The company is set to release its earnings report soon, with projected earnings per share (EPS) of $0.08, indicating a 27.27% decrease year-over-year. For the fiscal year, Zacks Consensus Estimates forecast total earnings of $0.55 per share and revenues of $2.15 billion, reflecting no change and a 31.66% increase from the previous year, respectively. Currently, Iamgold holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 11.76, suggesting it is trading at a discount compared to the industry average of 14.77.
