IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$9.68 and last traded at C$9.36, with a volume of 2591916 shares trading hands. The stock had previously closed at C$9.04.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on IMG shares. Stifel Nicolaus lifted their target price on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. National Bankshares decreased their target price on shares of IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating on the stock in a research report on Thursday, January 9th. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$8.30.
Read Our Latest Report on IMG
IAMGOLD Stock Performance
The stock's fifty day moving average price is C$8.01 and its two-hundred day moving average price is C$7.27. The company has a market cap of C$5.22 billion, a P/E ratio of 28.59, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same period last year, the firm earned ($0.01) EPS. As a group, equities analysts predict that IAMGOLD Co. will post 1.1121076 earnings per share for the current year.
Insider Buying and Selling
In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. 0.10% of the stock is owned by corporate insiders.
IAMGOLD Company Profile
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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.
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