For April delivery, gold is gaining by 0.4% to $1,269.10 per ounce on the COMEX this morning.
The price of the yellow metal is rising today as weaker-than-expected Chinese trade data prompted investors to seek a safe-haven, the Wall Street Journal reports.
"China is the story again," Nour Al-Hammoury, chief market strategist at ADS Securities, told the Journal. The data "increases the chances for further measures [or] intervention by the PBOC [People's Bank of China]. But so far this morning, Asian equities are lower and safe haven assets remain on the rise."
Since the beginning of the year, gold has advanced 20% on financial market volatility. The metal is traditionally seen as a safer asset during times of economic instability.
IAMGOLD is a Toronto-based gold mining company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by a few notable weaknesses, which 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 covered.
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.
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.
You can view the full analysis from the report here: IAGIAG data by YCharts