We recently published 10 Stocks Breaking Records While Wall Street Bleeds. IAMGOLD Corporation (NYSE:IAG) was one of the top performers on Tuesday.
IAMGOLD soared to a new 14-year record on Tuesday, as investors took heart from gold’s surge to a new all-time high, a 17 percent price target upgrade, and preliminary 2025 earnings results.
At intra-day trading, IAMGOLD Corporation (NYSE:IAG) jumped to its highest price of $19.98 before trimming gains to end the day just up by 15.49 percent at $19.83 apiece. The last time it touched the said level was in November 2011 when it closed at $20.18.
Image by Csaba Nagy from Pixabay
IAMGOLD Corporation (NYSE:IAG) rallied alongside its mining counterparts after spot prices of gold broke past the $4,700 territory on the same day, attracting investor funds after President Donald Trump announced fresh 10 percent tariff threats on eight European countries opposing its planned takeover of Greenland.
Typically, geopolitical tensions, among other factors, spark higher prices of precious metals as investors deem them safe haven in mitigating risks.
The rally was helped by Bank of America’s (BofA) higher price target for its stock, at $20.50 versus $17.50 previously, with the new figure marking a 3 percent upside potential from its latest closing price. BofA also maintained its “buy” recommendation.
In other news, IAMGOLD Corporation (NYSE:IAG) on Monday said that it is projecting record revenues for full-year 2025 on the back of higher gold prices and production figures falling within expectations.
During the period, attributable gold production reached 765,900 ounces, thanks to strong production from its Essakane, Cote, and Westwood sites.
Official results are scheduled to be announced after market close on February 17, 2026.
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Disclosure: None. This article is originally published at Insider Monkey.
