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) -- Shares of Iamgold (NYSE: IAG) were gapping down Monday morning with an open price 10.6% lower than Friday's closing price. The stock closed at $5.77 Friday and opened today's trading at $5.16.
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The average volume for Iamgold has been 5.9 million shares per day over the past 30 days. Iamgold has a market cap of $2.33 billion and is part of the basic materials sector and metals & mining industry. Shares are down 49.7% year to date as of the close of trading on Friday. IAMGOLD Corporation engages in the exploration, development, and operation of mining properties. Its products include gold, silver, niobium, and copper deposits. The company has a P/E ratio of seven, 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. Get more investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.