|Bid||5.40 x 100|
|Ask||5.44 x 100|
|Day's Range||5.79 - 6.16|
|52 Week Range||3.36 - 7.25|
|PE Ratio (TTM)||5.34|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||7.75|
All dollar amounts are in U.S. dollars unless otherwise indicated. Measured and Indicated Resource Estimates are quoted Inclusive of Mineral Reserves for all sites and projects TORONTO , Feb. 12, 2018 ...
IAMGOLD Realizes 86% Year Over Year Increase in Reserves, 2017 Reserves of 14.5 Million Ounces and Measured and Indicated Resources of 24.7 Million Ounces
All amounts are in US dollars, unless otherwise indicated. TORONTO , Feb. 12, 2018 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced positive results ...
IAMGOLD's Pre-Feasibility Study for the Boto Gold Project Demonstrates Potential Low-Cost, Long-Life Operation
Could Gold Catch a Bid if Equities Stay Weak in 2018? In Could Gold Be Set for a Big Move in 2018? we discussed these factors in detail. While a weaker US dollar supported gold prices in January 2018, the picture could change going forward, as the dollar has started strengthening on a brighter inflation outlook and a more hawkish Fed stance.
Could Gold Catch a Bid if Equities Stay Weak in 2018? While the Federal Reserve kept interest rates unchanged in its policy meeting in January 2018, it raised its outlook for inflation and flagged “further gradual” rate increases. The Fed cited solid gains in employment, capital investment, and household spending while maintaining its outlook for a strong labor market and moderate growth in the US economy.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The Federal Reserve has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
The optimistic economic numbers not only led to a slump in equities on Friday and Monday, but they also helped gold recover from the low it touched on Friday. Gold fell about 1.2% on Friday due to the stronger economic numbers. The relationship between gold and equities is not very explicit, but the two tend to move away from each other during extreme market scenarios.
The strong start to the year was somehow expected for gold prices, given the historical seasonal factors. For more on these rallies, read Market Realist’s series Can Gold Repeat Its Rally in the New Year? Gold started 2018 on solid footing, mainly due to weakness in the US dollar (UUP).
Monday, January 29, 2018, was a down day for all four precious metals. The US dollar index, which prices the dollar against a basket of six major world currencies, rose 0.27% that same day. The dollar has rebounded from its lows after United States Secretary of the Treasury Steven Mnuchin was eager to back a weaker currency.
The most important factor that affected the price changes in gold and silver over the past few months is the US dollar’s fluctuation. The US Dollar Index was down 0.36% on Friday, January 26, which also boosted gold and silver prices. The US Dollar Index prices the dollar against a basket of six major world currencies: the Japanese yen, Swedish krone, British pound, Canadian dollar, Swiss franc, and euro.
IAMGOLD Reports High-grade Drill Intersections from its 2017 Drilling Program on the Diakha Deposit, Siribaya Project in Mali