Why IAMGOLD Corporation (IAG) Lagged Performance on Wednesday

We precocious published an nonfiction titled These 10 Firms Led Lagged Performance connected Wednesday. In this article, we are going to instrumentality a look astatine wherever IAMGOLD Corporation (NYSE:IAG) stands against the different stocks.

Wall Street’s large indices finished successful the greenish territory anew connected Wednesday arsenic worries astir tariff policies and the Federal Reserve’s independency tapered disconnected pursuing President Donald Trump’s assurance that helium had nary intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 roseate by 1.67 percent, portion the Dow Jones accrued by 1.07 percent.

Ten companies, connected the different hand, led the highest declines, booking humble losses during the trading session.

In this article, we person identified Wednesday’s 10 worst-performing stocks and elaborate the reasons down their lagging performance.

To travel up with the list, we considered lone the stocks with much than $2 cardinal successful marketplace capitalization and $5 cardinal successful trading volume.

Aerial presumption of the Rosebel golden excavation successful Suriname with its unfastened pits spanning crossed the landscape.

IAMGOLD Corporation (NYSE:IAG) extended its losing streak for a 4th consecutive time connected Wednesday, shedding different 5.5 percent to decorativeness astatine $7.22 apiece arsenic investors continued to merchantability disconnected shares successful the institution successful enactment with the diminution successful spot prices of gold.

As of 4:46 PM EDT connected Wednesday, golden spot prices are down by 2.73 percent astatine $3,288.44 per ounce.

Additionally, investors appeared to person repositioned portfolios up of the company's first-quarter net merchandise connected May 6.

IAMGOLD Corporation (NYSE:IAG) is simply a starring golden shaper with assets crossed Canada and West Africa. The institution afloat owns the Westwood task successful Quebec, holds a 60 percent involvement successful the Côté Gold task successful Ontario, and controls 90 percent of Essakane successful Burkina Faso.

For this year, it targets golden accumulation to deed betwixt 735,000 and 820,000 ounces, focusing connected maximizing Côté Gold’s potential.

Overall IAG ranks 10th connected our database of the worst performing stocks connected Wednesday. While we admit the imaginable of IAG arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than IAG but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.