A Look Ahead For 2 Stocks: Caterpillar Inc. (CAT), IAMGOLD Corporation (IAG)

Shares of Caterpillar Inc. (NYSE:CAT) opened at $148.71, and ended 2.21% higher at $149.21. Nearly 9.51 million shares were traded by the close, higher than its average daily volume of 4.97 million shares.

Caterpillar Inc. (CAT) Analyst Opinion

Caterpillar Inc. has a consensus outperform rating from 26 Wall Street analysts, and the number of shares currently sold short amount to at least 2.12% of shares outstanding. The stock sank -10.04% last month and is down -5.31 this year. Wall Street is only getting more bullish on the stock, with 14 of analysts who cover CAT having a buy-equivalent rating. Analysts have placed a $180.57 price target on Caterpillar Inc., suggesting a 21.02% gain from recent close. It’s currently trading about -13.87% below its 52-week high.

Caterpillar Inc. Earnings Surprise

Caterpillar Inc. (CAT) surprised the stock market in its last reported earnings when it earned $2.16 a piece versus the consensus-estimated $1.79. Its revenue totaled $11.98 billion up 4.94% from the previous quarter.

Caterpillar Inc. (NYSE:CAT) Intraday View

This stock (CAT) is ahead of its 52-week low with 65.16%. Its last month’s stock price volatility remained 6.33% which for the week stands at 3.41%. The share price has moved backward from its 20 days moving average, trading at a distance of -8.97% and stays -4.39% away from its 50 days moving average. Over the last five days, shares have faced -5.26% losses and now is up 18.05% since hitting its 200-day moving average. Caterpillar Inc. (CAT) has made its way to a 12-month gain of 58.8%.

Turning to IAMGOLD Corporation (NYSE:IAG), its shares were trading at $5.26 a retreat of $-0.12, on the trading floor. The stock, after opening at $5.38, touched a high of $5.4 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. IAMGOLD Corporation has 3 buy ratings, 6 holds and 0 sells even after the stock tumbled -27.45% from its high of $7.25 to a $2.58 billion market value through last close.

IAMGOLD Corporation (IAG) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.61 to 2.5 during a month. Analysts set a 12-month price target of $7.75 a share. The target implies a 47.34% spike from where the shares are currently trading. Also, the current price highlights a discount of 70.15% to analysts’ high consensus price target.

IAMGOLD Corporation (NYSE:IAG) Intraday Trading

The counter witnessed a trading volume of 5.78 million shares versus an average volume of 4.35 million shares during last trading session. Its last month’s stock price volatility remained 4.31% which for the week approaches 3.97%. The lowest price the stock reached in the last trading day was $5.105 and compares with the $3.36 52-week low. The stock recovered 56.55% since its low point and has performed -9.78% year-to-date.

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