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Topic: Growth Stocks

IAMGOLD $13.22 – Toronto symbol IMG

IAMGOLD $13.22 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 375.9 million; Market cap: $5.0 billion; Dividend yield: 1.5%) reports that its revenue rose 9.2% in the three months ended December 31, 2011, to $481.6 million from $440.9 million a year earlier, largely due to higher gold prices. Earnings per share rose 9.1%, to $0.36 from $0.33.

IAMGold now holds over $1.1 billion U.S. in cash and gold bullion. That gives it lots of options to spur its share price. For example, it could raise exploration spending, make an acquisition or buy back shares.

IAMGold is still a buy.

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