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IAG Falls to Levels Below Book Value

By Metals Channel Staff, Wednesday, January 23, 1:27 PM ET
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In trading on Wednesday, shares of IAMGold Corp (NYSE:IAG) crossed below their last reported book value — defined as common shareholder equity per share — of $9.83, changing hands as low as $9.67 per share. IAMGold Corp shares are currently trading down about 10.6% on the day. The chart below shows the one year performance of IAG shares, versus its 50 and 200 day moving averages:

IAMGold Corp Moving Averages Chart

Looking at the chart above, IAG's low point in its 52 week range is $9.20 per share, with $17.74 as the 52 week high point — that compares with a last trade of $9.70.


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According to the ETF Finder at ETF Channel, IAG makes up 2.82% of the Gold Miners ETF (AMEX:GDX) which is trading lower by about 1.9% on the day Wednesday.

     See what other ETFs contain IAG »
     See what other stocks are held by GDX »

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