Why IAMGOLD Corporation (IAG) Lagged Performance on Wednesday

We recently published an article titled These 10 Firms Led Lagged Performance on Wednesday. In this article, we are going to take a look at where IAMGOLD Corporation (NYSE:IAG) stands against the other stocks.

Wall Street’s major indices finished in the green territory anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off following President Donald Trump’s assurance that he had no intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.

Ten companies, on the other hand, led the highest declines, booking modest losses during the trading session.

In this article, we have identified Wednesday’s 10 worst-performing stocks and detailed the reasons behind their lagging performance.

To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in trading volume.

Aerial view of the Rosebel gold mine in Suriname with its open pits spanning across the landscape.

IAMGOLD Corporation (NYSE:IAG)

IAMGOLD Corporation (NYSE:IAG) extended its losing streak for a fourth straight day on Wednesday, shedding another 5.5 percent to finish at $7.22 apiece as investors continued to sell off shares in the company in line with the decline in spot prices of gold.

As of 4:46 PM EDT on Wednesday, gold spot prices are down by 2.73 percent at $3,288.44 per ounce.

Additionally, investors appeared to have repositioned portfolios ahead of the company’s first-quarter earnings release on May 6.

IAMGOLD Corporation (NYSE:IAG) is a leading gold producer with assets across Canada and West Africa. The company fully owns the Westwood project in Quebec, holds a 60 percent stake in the Côté Gold project in Ontario, and controls 90 percent of Essakane in Burkina Faso.

For this year, it targets gold production to hit between 735,000 and 820,000 ounces, focusing on maximizing Côté Gold’s potential.

Overall IAG ranks 10th on our list of the worst performing stocks on Wednesday. While we acknowledge the potential of IAG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IAG but that trades at less than 5 times its earnings, check out our report about 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 article is originally published at Insider Monkey.