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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.9%. By the end of trading, Iamgold rose $0.10 (1.9%) to $5.44 on heavy volume. Throughout the day, 12,258,490 shares of Iamgold exchanged hands as compared to its average daily volume of 6,735,300 shares. The stock ranged in a price between $5.31-$5.60 after having opened the day at $5.42 as compared to the previous trading day's close of $5.34. Other companies within the Metals & Mining industry that increased today were: Atlatsa Resources ( ATL), up 21.5%, Exeter Resource Corporation ( XRA), up 7.2%, MAG Silver Corporation ( MVG), up 7.1% and Great Panther Silver ( GPL), up 6.9%.

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 $1.9 billion and is part of the basic materials sector. Shares are down 56.3% year to date as of the close of trading on Monday. Currently there are 4 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, reasonable 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, deteriorating net income and weak operating cash flow.

On the negative front, Ossen Innovation ( OSN), down 12.8%, Golden Star Resources ( GSS), down 10.1%, James River Coal Company ( JRCC), down 8.9% and Vista Gold Corporation ( VGZ), down 8.6% , 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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