Iamgold Corporation (IAG) Shares are Up 2.05%

Iamgold Corporation (IAG) has been under a strong bear grip, hence the stock is down -13.35% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.5% in the past 1 week. The stock has risen by 2.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.11% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 13.96%.The 200 Day SMA reached 29.84% IAMGOLD Corp. is up 3.37% in the last 3-month period. Year-to-Date the stock performance stands at 180.99%.


Iamgold Corporation (IAG) : Currently there are 6 street experts covering Iamgold Corporation (IAG) stock. The most bullish and bearish price target for the stock is $7 and $2 respectively for the short term. The average price target of all the analysts comes to $5.01. The estimated standard deviation from the target is $1.89.

Company shares have received an average consensus rating of Hold for the current week Iamgold Corporation (NYSE:IAG): stock was range-bound between the intraday low of $3.99 and the intraday high of $4.25 after having opened at $4.08 on Fridays session. The stock finally closed in the red at $4.08, a loss of -3.86%. The stock remained in the red for the whole trading day. The total traded volume was 32,492,785 shares. The stock failed to cross $4.25 in Fridays trading. The stocks closing price on Thursday was $3.99.

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Companys 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *