IAMGOLD Corp (USA) (NYSE:IAG) shares surged by 5.30%


Dallas, Texas 08/28/2013 (Financialstrend) – Shares of IAMGOLD Corp (USA) (NYSE:IAG) had recently been moving off from their bottom level of prices to present significant returns to the investors though with minimal corrections in between this upward. It could be observed that the stock had presented gains of around 20% for the past one month of trading and had further proved effective to attract higher level of investor attention to the shares. In addition, the stock had recovered from its recent losses with effect from the break of August 2013 to send a sense of relief to the investors.

IAMGOLD Corp (USA) (NYSE:IAG) is primarily involved in acquisition, exploration and mining of the gold reserve properties of the company. The company presently holds ownership interests in around five gold mines, one diamond royalty, one niobium mine and further holds projects located in the Americas and Africa. Presently, the company focuses its exploration and mining operations at the mines located in the West Africa, the Canadian Province of Quebec and in the select countries of South America. Further, the company also holds many operating mines and development projects which prove to add on to the value of this mining stock.

Shares of IAMGOLD Corp (USA) (NYSE:IAG) had presented loss on Tuesday to close at $6.43 per share, a positive move of 5.30% over the previous close. The stock’s price movements on the day were observed to be in the range of $6.41 to $7.08 per share. The stock had recorded the lowest price in 52 weeks at $3.81 and highest price at $16.88 per share. The stock had attracted around 16.31 million trades on Tuesday, while the average trading volume for the past one month had been at 7.99 million shares per day. The company has 376.60 million outstanding shares and 80% of institutional ownership.