NEW YORK (TheStreet) --IAMGOLD Corp. (IAG - Get Report) stock is up by 2.31% to $2.21 in mid-afternoon trading on Tuesday, as gold prices increase after the terrorist attacks in Brussels this morning.
Gold for April delivery is gaining by 0.35% to $1,248.50 per ounce on the COMEX this afternoon.
Gold prices are rising after terrorist attacks in Brussels killed more than 30 people, the Wall Street Journal reports. The attacks caused safe-haven investing in the precious metal.
The increase in prices was a "reaction on the back of heightened risk and uncertainty," Simona Gambarini, a commodities economist at Capital Economics, told the Journal.
Based in Toronto, IAMGOLD is a mining company that operates four 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: IAG