Taking this into account, Canaccord Genuity upgraded its Iamgold Corp [IAG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who increased its forecast for the stock in early October from “a Sector perform” to “an Outperform”. RBC Capital Mkts revised its rating on September 12, 2023. It rated IAG as “a Sector perform” which previously was an “an Underperform”.
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Price Performance Review of IAG
On Tuesday, Iamgold Corp [NYSE:IAG] saw its stock fall -3.64% to $5.03. Over the last five days, the stock has lost -5.63%. Iamgold Corp shares have risen nearly 98.81% since the year began. Nevertheless, the stocks have risen 120.61% over the past one year. While a 52-week high of $6.37 was reached on 10/22/24, a 52-week low of $2.11 was recorded on 01/19/24. SMA at 50 days reached $5.29, while 200 days put it at $4.08.
Levels Of Support And Resistance For IAG Stock
The 24-hour chart illustrates a support level at 4.93, which if violated will result in even more drops to 4.84. On the upside, there is a resistance level at 5.15. A further resistance level may holdings at 5.28. The Relative Strength Index (RSI) on the 14-day chart is 42.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.81%. Stochastics %K at 25.94% indicates the stock is a holding.
How much short interest is there in Iamgold Corp?
A steep rise in short interest was recorded in Iamgold Corp stocks on 2024-10-31, dropping by -0.37 million shares to a total of 5.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.79 million shares. There was a decline of -6.75%, which implies that there is a negative sentiment for the stock.
