Iamgold Rises On Unusually High Volume (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) -- Iamgold (NYSE: IAG) is trading at unusually high volume Tuesday with 9.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 59 cents (+8.9%) at $7.25 as of 3:50 p.m. ET.

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Iamgold has a market cap of $2.47 billion and is part of the basic materials sector and metals & mining industry. Shares are down 41.9% 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 7.4, below the S&P 500 P/E ratio of 17.7.

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 feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow. You can view the full Iamgold Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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