IAMGOLD Corp. ( IAG ) was a big mover last session, as the company saw its shares rise over 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.03 to $3.40 since May 14.
The company has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's jump lasts.
IAMGOLD currently has a Zacks Rank #3 (Hold) while its Earnings ESP
However, some better-ranked stocks in the mining-gold industry include Agnico Eagle Mines Limited
), Alamos Gold Inc.
) and DRDGOLD Ltd.
). While Agnico Eagle Mines has a Zacks Rank #1 (Strong Buy), Alamos Gold and DRDGOLD carry a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportIAMGOLD CORP (IAG): Free Stock Analysis ReportAGNICO EAGLE (AEM): Free Stock Analysis ReportALAMOS GOLD INC (AGI): Free Stock Analysis ReportDRDGOLD LTD (DRD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research