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IAMGOLD (IAG) Shines 4.9% Brighter on Gold Surge
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IAMGOLD Corp. (NYSE:IAG) is one of the 10 Stocks Investors Are Tracking Now. IAMGOLD jumped by 4.91 percent on Friday to finish at $17.74 apiece, as investor sentiment was bolstered by the surge in prices of precious metals. The stock rallied alongside its mining counterparts, namely Equinox, First Majestic, Coeur, and Hecla Mining, among others, after the spot prices of silver and gold increased by more than 2 percent during the day. Investors placed bets on safer assets to mitigate risks from the uncertainties in the Middle East tensions. Gold bars. Photo by ZlaΕ₯Γ‘ky.cz on Pexels In other news, IAMGOLD Corp. (NYSE:IAG) last year dropped its net income from continuing operations attributable to shareholders by 18.9 percent to $664.4 million from $819.6 million in 2024. Revenues, on the other hand, soared by 75 percent to $2.852 billion from $1.633 billion year-on-year. In the fourth quarter alone, IAMGOLD Corp. (NYSE:IAG) incurred a 372-percent jump in net income attributable to shareholders at $406.6 million versus $86.2 million in the same period a year earlier. Revenues increased by 131 percent to $1.088 billion from only $469.9 million year-on-year. While we acknowledge the potential of IAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.