Iamgold Corporation (IAG) : Traders are bullish on Iamgold Corporation (IAG) as it has outperformed the S&P 500 by a wide margin of 11.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.16% in the last 1 week, and is up 14.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Iamgold Corporation (NYSE:IAG): The stock opened at $5.53 on Friday but the bulls could not build on the opening and the stock topped out at $5.60 for the day. The stock traded down to $5.40 during the day, due to lack of any buying support eventually closed down at $5.54 with a loss of -3.65% for the day. The stock had closed at $5.75 on the previous day. The total traded volume was 10,111,357 shares.
The stock has recorded a 20-day Moving Average of 13.1% and the 50-Day Moving Average is 28.67%. IAMGOLD Corp. is up 51.37% in the last 3-month period. Year-to-Date the stock performance stands at 290.14%.
Iamgold Corporation (IAG) stock is expected to deviate a maximum of $1.84 from the average target price of $4.14 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $2.
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.