Iamgold Soars 4.94% on Gold Prices, 5-Day Rally

Iamgold (IAG) surged 4.94% today, marking its fifth consecutive day of gains, with a 28.24% increase over the past five days. The share price reached its highest level since March 2013, with an intraday gain of 7.85%.

Iamgold's stock rally has been driven by higher gold prices, which have bolstered investor confidence in the company. The positive market sentiment and strategic turnaround efforts have contributed to the stock's impressive performance, with gains of approximately 33% over the past month and 88% over the preceding twelve months.

Investors are also anticipating the release of Iamgold's Q1 2025 financial results on May 6. Analysts have forecasted an 8.33% potential upside, further fueling investor interest and contributing to the stock's recent gains. The company's successful turnaround strategy has been a key factor in its strong market performance, with the stock reaching a 52-week high of $6.72.