Gold for April delivery is falling by 0.20% to $1,268.10 per ounce on the COMEX this afternoon.
Gold prices fell on Monday ahead of the Federal Reserve's meeting next week regarding a potential interest rate hike, the Wall Street Journal reports. Gold struggles to compete with interest-bearing assets when rates are raised.
Additionally, gold prices were pressured by a stronger dollar on Monday, which makes the precious metal more expensive to foreign investors, according to the Journal.
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 feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: IAGIAG data by YCharts