Iamgold Corp (IAG): Today's Featured Metals & Mining Winner

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.

Iamgold ( IAG) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole was unchanged today. By the end of trading, Iamgold rose 17 cents (1.4%) to $11.98 on light volume. Throughout the day, 2.4 million shares of Iamgold exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in a price between $11.90-$12.17 after having opened the day at $11.92 as compared to the previous trading day's close of $11.81. Other companies within the Metals & Mining industry that increased today were: Ur-Energy ( URG), up 12.8%, North American Palladium ( PAL), up 11%, Midway Gold ( MDW), up 8.1%, and China Natural Resources ( CHNR), up 7.8%.

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. Iamgold has a market cap of $4.24 billion and is part of the basic materials sector. The company has a P/E ratio of 11.9, above the average metals & mining industry P/E ratio of 5.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 27.8% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Iamgold a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Iamgold as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity.

On the negative front, Lake Shore Gold ( LSG), down 14.3%, Atlatsa Resources ( ATL), down 12.7%, Molycorp ( MCP), down 11.8%, and Harmony Gold Mining ( HMY), down 8.8%, were all laggards within the metals & mining industry with Anglogold Ashanti ( AU) being today's metals & mining industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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