IAMGOLD (IAG) Moves Above 50-Day SMA Post Q3 Earnings: Buy the Stock?

IAMGOLD (IAG) has reached a significant support level, making it an attractive option for investors from a technical perspective. Yesterday, the IAG stock exceeded its 50-day simple moving average (SMA), signaling a short-term bullish trend. The company's shares gained 3% yesterday to close at $5.32. This was driven by IAMGOLD's third-quarter 2024 results, which were also announced yesterday. Adjusted earnings per share (EPS) of 18 cents beat the Zacks Consensus Estimate and significantly improved from the ...