Gold prices are falling as global stocks improve, the Wall Street Journal reports. The S&P 500 and the Dow Jones Industrial Average are both rising by more than 1% this afternoon.
The price of the precious metal has risen about 14% this year due to market volatility which causes investors to turn to gold as a safe-haven investment.
Gold for April delivery is down by 1.64% to $1,210.60 per ounce on the COMEX this afternoon.
Based in Toronto, IAMGOLD is a mid-tier mining company with four operating gold mines.
Separately, recently, 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.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and weak operating cash flow.
You can view the full analysis from the report here: IAGIAG data by YCharts