Large Inflow of Money Witnessed in Iamgold Corporation

Iamgold Corporation (IAG) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $0.93 million worth of transactions were on upticks, whereas, the downticks accounted for $0.46 million worth of transactions. The net money flow was a positive $0.47 million and the uptick to downtick ratio was 2.04. The net money flow into the stock was $0.37 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.37 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Iamgold Corporation (IAG) was trading at $4.59, down $0.14 during day. The stock slid -2.96% over the previous days close. For the week, the stock recorded 2.68% over the previous weeks close.


Iamgold Corporation (IAG) : Average target price received by Iamgold Corporation (IAG) is $2.71 with an expected standard deviation of $0.88. The most aggressive target on the stock is $4, whereas the most downbeat target is $2. 6 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 12.02% and the 50-Day Moving Average is 23.03%.

Iamgold Corporation (NYSE:IAG): The stock opened at $4.64 on Thursday but the bulls could not build on the opening and the stock topped out at $4.71 for the day. The stock traded down to $4.54 during the day, due to lack of any buying support eventually closed down at $4.58 with a loss of -3.17% for the day. The stock had closed at $4.73 on the previous day. The total traded volume was 6,887,108 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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