Company Shares of Iamgold Corporation Drops by -0.52%

Iamgold Corporation (NYSE:IAG) has tumbled 0.52% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.63% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.68% and the outperformance has advanced to 5.66% for the last 4 weeks period.

Iamgold Corporation (NYSE:IAG): The stock opened at $3.96 on Friday but the bulls could not build on the opening and the stock topped out at $4.05 for the day. The stock traded down to $3.85 during the day, due to lack of any buying support eventually closed down at $3.86 with a loss of -1.03% for the day. The stock had closed at $3.90 on the previous day. The total traded volume was 30,399,700 shares.

The company shares have rallied 77.06% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $4.14 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.60 and the 200 Day Moving Average price is recorded at $2.41.

Many analysts have stated their opinion on the company shares. Scotia Howard Weil downgrades its view on Iamgold Corporation (NYSE:IAG) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Perform. The rating by the firm was issued on May 18, 2016. Institutional Investors own 51.33% of Iamgold Corporation 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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