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-0.000736497545008284 -0.00163666121112936 -0.0152755046372068 -0.0152755046372068 -0.00981996726677578 -0.0125477359519913 -0.0132296781232952 -0.0261865793780688
Stock impact report

IAMGOLD's (IAG) Shares Scale 52-Week High: More Room to Run? [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The stock rose on the announcement of its first gold pour at the Côté Gold Mine, located in Ontario, Canada, on Mar 31, 2024. This marks a milestone for IAG as the mine is expected to significantly boost its production while lowering the cost profile. The company's share price surged as gold prices hit record levels due to multiple factors like U.S. interest rate cut bets, geopolitical tensons, speculative buying and central bank purchases. IAG has a market capitalization of $1.86 billion and carries a Zacks Rank #3 (Hold) at present. Over the past three months, the stock has risen 57.6%, outperforming the industry's 18% growth. Image Source: Zacks Investment Research IAMGOLD's shares have surged 47% since it reported fourth-quarter 2023 results on Feb 15, 2024. The company reported fourth-quarter adjusted earnings per share of 6 cents, which marked a turnaround from a loss of 2 cents per share in the fourth quarter of 2022. Revenues surged 44% year over year to $298 million Show less Read more
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