Should You Buy Iamgold Corp (IAG) Stock After it Is Higher By 23.53% in a Week?

Iamgold Corp (IAG) stock is higher by 23.53% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Iamgold Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IAG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With IAG Stock Today?

Iamgold Corp (IAG) stock is higher by 0.9% while the S&P 500 is lower by -0.29% as of 3:03 PM on Monday, Aug 1. IAG has gained $0.01 from the previous closing price of $1.66 on volume of 3,443,409 shares. Over the past year the S&P 500 is lower by -6.13% while IAG is lower by -38.01%. IAG lost -$0.53 per share in the over the last 12 months. To screen for more stocks like Iamgold Corp click here.

More About Iamgold Corp

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa. Click Here to get the full Stock Report for Iamgold Corp stock.