Iamgold Corporation (IAG) Shares are Down -17.02%

Iamgold Corporation (IAG) : During the past 4 weeks, traders have been relatively bearish on Iamgold Corporation (IAG), hence the stock is down -24.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -16.47% relative to the S&P 500. The 4-week change in the price of the stock is -24.57% and the stock has fallen -17.02% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 21.41% and the fifty day Moving Average is 16.51%. IAMGOLD Corp. is up 23.03% in the last three month period. Year-to-Date the stock performance stands at 174.65%.

Iamgold Corporation (IAG) stock is expected to deviate a maximum of $1.89 from the average target price of $5.01 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $2.


Iamgold Corporation (NYSE:IAG): On Fridays trading session , Opening price of the stock was $4.07 with an intraday high of $4.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.8. However, the stock managed to close at $3.9, a loss of 2.26% for the day. On the previous day, the stock had closed at $3.99. The total traded volume of the day was 17,202,024 shares.

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.

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