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 closed the day down 1.9%. By the end of trading, Iamgold rose $0.11 (2.0%) to $5.48 on average volume. Throughout the day, 8,435,487 shares of Iamgold exchanged hands as compared to its average daily volume of 6,660,400 shares. The stock ranged in a price between $5.14-$5.60 after having opened the day at $5.21 as compared to the previous trading day's close of $5.37. Other companies within the Metals & Mining industry that increased today were: James River Coal Company ( JRCC), up 29.1%, Timberline Resources Corporation ( TLR), up 11.9%, Quaterra Resources ( QMM), up 10.1% and Exeter Resource Corporation ( XRA), up 5.6%.
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IAMGOLD Corporation engages in the exploration, development, and operation of mining properties. Its products include gold, silver, niobium, and copper deposits. Iamgold has a market cap of $2.0 billion and is part of the basic materials sector. The company has a P/E ratio of 5.9, below the S&P 500 P/E ratio of 17.7. Shares are down 53.2% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Iamgold a buy, no analysts rate it a sell, and 10 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 feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow.

On the negative front, Crosshair Energy ( CXZ), down 18.9%, United States Antimony Corporation ( UAMY), down 9.2%, Gold Standard Ventures ( GSV), down 8.4% and Universal Stainless & Alloy Products ( USAP), down 7.8% , were all laggards within the metals & mining industry with Goldcorp ( GG) 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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