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IAMGOLD (IAG) Jumps: Stock Rises 7.1%

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IAMGOLD Corporation (IAG - Free Report) was a big mover last session, as the company saw its shares rise more than 7% 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 $3.46 to $3.84 in the past one-month time frame.

The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

IAMGOLD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Basic Materials sector is U.S. Silica Holdings, Inc. (SLCA - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Iamgold Corporation (IAG) - free report >>

U.S. Silica Holdings, Inc. (SLCA) - free report >>