Why IAMGOLD Corporation (IAG) Went Up On Thursday?

We recently published a list of 10 Firms Buck Thursday’s Market Bloodbath. In this article, we are going to take a look at where IAMGOLD Corporation (NYSE:IAG) stands against other Thursday’s best performers.

Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office.

Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session.

In this article, we have listed Thursday’s 10 best performers and detailed the reasons behind their gains.

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

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

IAMGOLD Corporation (NYSE:IAG)

IAMGOLD Corp. extended its rally for a fourth consecutive day on Thursday, adding 5.68 percent to end at $6.88 apiece amid higher gold prices and with investor funds flocking to gold assets for safety from the ongoing market uncertainties.

On Thursday, gold saw spot prices rise by 0.35 percent to end at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

In recent news, IAG said that it would release its first-quarter earnings performance on May 6.

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 5th on our list of Thursday’s best performers. 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.