IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's share price was up 7.4% during mid-day trading on Wednesday . The company traded as high as C$11.39 and last traded at C$11.16. Approximately 2,435,490 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 2,034,989 shares. The stock had previously closed at C$10.39.
Analyst Ratings Changes
A number of analysts have recently weighed in on IMG shares. National Bankshares increased their target price on shares of IAMGOLD from C$13.50 to C$15.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, IAMGOLD presently has an average rating of "Buy" and a consensus price target of C$10.00.
Get Our Latest Research Report on IMG
IAMGOLD Trading Down 3.6 %
The stock has a market cap of C$4.40 billion, a PE ratio of 5.62, a PEG ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The stock's fifty day moving average price is C$8.81 and its 200 day moving average price is C$8.13.
Insiders Place Their Bets
In related news, Director Christiane Bergevin bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of C$8.29 per share, for a total transaction of C$41,450.00. Also, Senior Officer Bruno Lemelin sold 15,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. In the last quarter, insiders acquired 45,800 shares of company stock valued at $370,999. Corporate insiders own 0.10% of the company's stock.
About IAMGOLD
(
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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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