NEW YORK (TheStreet) -- Shares of IAMGOLD (IAG - Get Report) are increasing 0.84% to $4.82 on Friday morning even though gold prices are trading in the red.

For August delivery, gold is down 0.38% to $1,327.20 per ounce on the COMEX this morning.

Gold prices are set for their first weekly loss since May amid improving global risk sentiment and a firmer dollar, Reuters reports.

The precious metal is more expensive to foreign currency holders when the greenback is strong.

Following six weeks of gains, which was the longest rally since March 2014, gold has been pressured this week, Reuters noted. Prices were weighed down by strong U.S. jobs data and easing uncertainty about the U.K.'s decision to leave the European Union.

"Investors are taking profits, but $1,300 is now a floor for gold and that is going to hold moving forward," ING Bank senior strategist Hamza Khan told Reuters.

IAMGOLD is a Toronto-based company engaged in the exploration, development and production of mineral resource properties.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins.

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: IAG