Meanwhile, A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid September from “an Underperform” to “a Sector perform”. BMO Capital Markets also remained covering IAG and has increased its forecast on May 01, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Stifel revised its rating on December 21, 2022. It rated IAG as “a Hold” which previously was an “a Sell”.
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Price Performance Review of IAG
On Tuesday, Iamgold Corp. [NYSE:IAG] saw its stock jump 1.48% to $5.47. Over the last five days, the stock has gained 1.30%. Iamgold Corp. shares have risen nearly 116.21% since the year began. Nevertheless, the stocks have risen 142.04% over the past one year. While a 52-week high of $5.58 was reached on 09/23/24, a 52-week low of $1.99 was recorded on 01/19/24. SMA at 50 days reached $4.68, while 200 days put it at $3.58.
Levels Of Support And Resistance For IAG Stock
The 24-hour chart illustrates a support level at 5.38, which if violated will result in even more drops to 5.30. On the upside, there is a resistance level at 5.55. A further resistance level may holdings at 5.64. The Relative Strength Index (RSI) on the 14-day chart is 64.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.94%. Stochastics %K at 84.74% indicates the stock is a selling.
How much short interest is there in Iamgold Corp.?
A steep rise in short interest was recorded in Iamgold Corp. stocks on 2024-08-30, dropping by -0.88 million shares to a total of 4.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.42 million shares. There was a decline of -19.35%, which implies that there is a negative sentiment for the stock.
