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Iamgold Surges to 423rd in Trading Volume with $229 Million Turnover
Generated by AI AgentAinvest Volume Radar
Thursday, Jun 5, 2025 8:09 pm ET1min read
On June 5, 2025,
(IAG) saw a significant increase in trading volume, with a turnover of $229 million, marking an 118.03% rise from the previous day. This surge placed Iamgold at the 423rd position in terms of trading volume for the day. The stock price of Iamgold rose by 3.36%.Iamgold Corp reported increased production and revenue for the first quarter of 2025, despite facing high costs and operational challenges. The company produced 161,000 ounces of gold in Q1 2025 and anticipates reaching a total production of 735,000 to 820,000 ounces for the entire year.
Iamgold has been upgraded to a Zacks Rank #2 (Buy), indicating growing optimism about the company's earnings prospects. This upgrade reflects the market's positive outlook on Iamgold's future performance.
Earnings for Iamgold are projected to grow by 37.31% in the coming year, rising from $0.67 to $0.92 per share. This expected growth in earnings is a key factor driving investor interest in the company.
Iamgold Corporation is scheduled to report its next quarterly earnings on August 14, 2025. Investors are eagerly awaiting this report to gain further insights into the company's financial performance and future prospects.
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