Why IAMGOLD (IAG) Stock Is Gaining Today

NEW YORK (TheStreet) -- IAMGOLD (IAG) shares are up 4.8% to $4.03 on Wednesday after the company reported second quarter revenue of $288.6 million, ahead of analysts expectations of $274.6 million.

The company also reported derivative gains of $2 million compared to a last year's impairment charges of $39 million.

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TheStreet Ratings team rates IAMGOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate IAMGOLD CORP (IAG) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

IAG Chart IAG data by YCharts

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