Why IAMGOLD Corporation (IAG) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where IAMGOLD Corporation (NYSE:IAG) stands against other Monday's best performers.
The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies.
The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent.
Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.'
He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies.
Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Why IAMGOLD Corporation (IAG) Soared on Monday
Aerial view of the Rosebel gold mine in Suriname with its open pits spanning across the landscape.
IAMGOLD Corporation (NYSE:IAG)
Shares of IAMGOLD Corp. rose by 3.57 percent on Monday to close at $6.96 apiece as investors repositioned their portfolios following the surge in gold prices, and ahead of the release of its first quarter earnings performance.
According to the company, it will release its key operational and financial highlights after the market closes on Tuesday, May 6. A conference call will follow to elaborate on the results at 8:30 AM on Wednesday, May 7.
Additionally, market sentiment was fueled by the surge in spot prices of gold, which as of this writing was up by 2.76 percent at $3,329.86 per ounce, as investors resorted to safer assets anew amid the weakness in the US dollar.
IAMGOLD Corporation (NYSE:IAG) is a leading gold producer with assets across Canada and West Africa. The company fully owns the Westwood project in Quebec, holds a 60 percent stake in the Côté Gold project in Ontario, and controls 90 percent of Essakane in Burkina Faso.
For this year, it targets gold production to hit between 735,000 and 820,000 ounces, focusing on maximizing Côté Gold's potential.
Overall, IAG ranks 10th on our list of Monday's best performers. While we acknowledge the potential of IAG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IAG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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