Iamgold Stock To Go Ex-dividend Tomorrow (IAG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- The ex-dividend date for Iamgold (NYSE:IAG) is tomorrow, December 19, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $11.63 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Iamgold has been 3.2 million shares per day over the past 30 days. Iamgold has a market cap of $4.42 billion and is part of the basic materials sector and metals & mining industry. Shares are down 25.9% year to date as of the close of trading on Monday.

IAMGOLD Corporation, a mid-tier gold mining company, engages in the exploration, development, and production of mineral resource properties. It primarily explores for gold, silver, zinc, copper, niobium, diamonds, and other metals. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Iamgold as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Iamgold Ratings Report.

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