As gold prices approach the unprecedented $4,200 mark, two mid-tier gold mining companies, Iamgold Corp. (NYSE:IAG) and SSR Mining Inc. (NASDAQ:SSRM), are not just riding the commodity rally; they are also showing notable improvement in their operational quality.
2 Stocks Rise To Top Tier Ranking
Recent data from Benzinga Edge Stock Rankings highlights a week-on-week shift in their quality percentile, reinforcing the case for investors looking for gold equities with strengthening fundamentals.
Iamgold
- According to the latest report, IAG’s quality percentile rose from 89.93 to 91.00, marking a 1.07 week-on-week improvement.
- The stock was up 142.83% year-to-date and advanced 184.07% over a year.
- It maintains a stronger price trend over the short, medium, and long terms, with a robust growth ranking. Additional performance details are available here.
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SSR Mining
- SSR Mining displayed slightly more momentum in quality, improving from 88.24 to 89.33, a gain of 1.09 over the week.
- Higher by 227.58% YTD, the stock advanced 309.76% over the year.
- It had a stronger price over the short, medium, and long terms, with a moderate value ranking. Additional performance details are available here.
Understanding Quality Rankings
Quality ranking, as outlined in the report’s descriptions, is a sophisticated percentile-based metric that weighs multiple historical and fundamental factors: profitability, balance sheet strength, and peer-relative performance. This holistic view means that a move into the top decile is not merely a short-term quirk but a testament to consistent operational upgrades and resilience.
Price Action
Gold prices were 0.49% higher at $4,130.71 per ounce as of the publication of this article. It has gained 55.78% over the year and 28.61% over the last six months.
With gold breaching record highs, the operational quality of miners becomes critically important for capital discipline and long-term returns.
On Monday, the S&P 500 index ended 1.56% higher at 6,654.72, whereas the Nasdaq 100 index advanced 2.18% to 24,750.25. Dow Jones also gained 1.29% to 46,067.58.
The futures of the S&P 500, Dow Jones, and Nasdaq 100 indices were trading lower on Tuesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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