IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.13 and traded as high as C$7.40. IAMGOLD shares last traded at C$7.39, with a volume of 2,059,627 shares trading hands.
Analyst Ratings Changes
IMG has been the topic of several recent research reports. National Bank Financial upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. National Bankshares boosted their price objective on IAMGOLD from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, Royal Bank of Canada downgraded shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$6.91.
View Our Latest Stock Report on IAMGOLD
IAMGOLD Stock Performance
The firm has a 50 day moving average of C$7.22 and a two-hundred day moving average of C$6.15. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The stock has a market cap of C$4.50 billion, a PE ratio of 24.66, a PEG ratio of -0.28 and a beta of 1.47.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The business had revenue of C$527.18 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. Research analysts predict that IAMGOLD Co. will post 1.1121076 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is owned by company 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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