NEW YORK (TheStreet) -- Shares of IAMGOLD (IAG - Get Report) ended the day lower by 5.24% to $1.81 in Tuesday's regular trading session, as gold prices fell to its lowest level since November of 2014 on a stronger dollar.

The U.S. dollar reached an almost 12-year high against the euro as well as an eight-year high against the yen. The strength in the dollar affects commodities priced in dollars by making them more expensive for holders of other currencies, according to Reuters.

U.S. gold futures closed at $1,153.80 an ounce today, while spot gold was last trading down 0.5% to $1,160 an ounce.

Last Friday, the precious metal took a hit following the strong jobs report that heightened expectations that the Federal Reserve will begin to raise interest rates by the middle of the year.

Canada-based IAMGOLD is a mining company with five operating gold mines including a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas.

Another gold stock Yamana Gold (AUY) closed down 5.54% to $3.41 today.

Insight from TheStreet's Research Team:

Yamana Gold is a part of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock:

This gold-and- copper exploration company operates seven mines and several ongoing development projects in Brazil, Argentina and Chile. The stock moved 12% lower this week, along with the underlying price of gold. Management remains focused on maximizing profitability and we believe gold prices should stabilize in the near term.

- David Peltier, 'Weekly Roundup' originally published 3/6/2015 on Stocks Under $10.

Want more information like this from David Peltier BEFORE your stock moves? Learn more about Stocks Under $10 now.

Separately, 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 some concerns, 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 poor profit margins and generally disappointing historical performance in the stock itself." You can view the full analysis from the report here: IAG Ratings Report

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