Bruno Lemelin Sells 15,000 Shares of IAMGOLD Co. (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG Senior Officer Bruno Lemelin sold 15,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$8.52, for a total value of C$127,786.50.

IAMGOLD Stock Performance

Shares of TSE IMG traded down C$0.12 during mid-day trading on Tuesday, hitting C$8.55. The stock had a trading volume of 1,443,216 shares, compared to its average volume of 1,845,555. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The company has a 50 day moving average of C$8.47 and a two-hundred day moving average of C$7.75. IAMGOLD Co. has a twelve month low of C$3.94 and a twelve month high of C$9.68. The firm has a market cap of C$3.47 billion, a PE ratio of 4.44, a PEG ratio of -0.28 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, National Bankshares upped their target price on IAMGOLD from C$12.00 to C$13.50 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of C$8.68.

Remove Ads

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.