Following these proceedings, CIBC upgraded its Iamgold Corp [IAG] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including CIBC’s analysts, who decreased its forecast for the stock in early December from “a Sector outperform” to “a Neutral”. Canaccord Genuity also remained covering IAG and has increased its forecast on October 22, 2024 with a “Buy” recommendation from previously “Hold” rating. National Bank Financial revised its rating on October 10, 2024. It rated IAG as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of IAG
On Tuesday, Iamgold Corp [NYSE:IAG] saw its stock jump 1.65% to $5.56. Over the last five days, the stock has gained 3.15%. Iamgold Corp shares have risen nearly 7.75% since the year began. Nevertheless, the stocks have risen 135.59% over the past one year. While a 52-week high of $6.37 was reached on 01/10/25, a 52-week low of $2.23 was recorded on 01/14/25. SMA at 50 days reached $5.39, while 200 days put it at $4.63.
Levels Of Support And Resistance For IAG Stock
The 24-hour chart illustrates a support level at 5.28, which if violated will result in even more drops to 5.01. On the upside, there is a resistance level at 5.75. A further resistance level may holdings at 5.95. The Relative Strength Index (RSI) on the 14-day chart is 54.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.76%. Stochastics %K at 69.02% 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 2024-12-31, growing by 0.71 million shares to a total of 6.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.53 million shares. There was a rise of 11.37%, which implies that there is a positive sentiment for the stock.
