NEW YORK (TheStreet) -- Shares of IAMGOLD (IAG - Get Report) are down by 4.32% to $2.33 in mid-morning trading on Tuesday, as stocks within the metals and mining sector retreat due to the decline in the price of gold.
The price of the precious metal is tumbling today as investors return to riskier assets and equities rise for a third consecutive day, MarketWatch reports.
Last week gold jumped to their biggest weekly gain since 2008 due to the rise in safe haven demand.
"As of last Friday, gold had seen one of its biggest two month rallies in the last five years, hitting a high of $1,263/oz. It clearly broke a multiyear downtrend, which also came on one of the heaviest volume days in recent memory," MKM Partners chief market technician Jonathan Krinsky told MarketWatch.
Gold for April delivery is down by 2.07% to $1,213.70 per ounce on the COMEX this morning.
Additionally, IAMGOLD is scheduled to release its 2015 fourth quarter earnings after the market close on Wednesday. Analysts are expecting the mining company to post a year over year decline in earnings per share and revenue for the most recent quarter.
TheStreet Ratings has set a "sell" rating and a score of D on IAMGOLD stock. This is driven by a few notable weaknesses, which TheStreet Ratings believes 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 it covers.
The company's weaknesses can be seen in multiple areas, such as its poor profit margins and weak operating cash flow.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: IAG