IAMGOLD (TSE:IMG) Shares Cross Above 200 Day Moving Average - Time to Sell?

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.08 and traded as high as C$8.57. IAMGOLD shares last traded at C$8.22, with a volume of 1,609,180 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. National Bankshares reduced their price objective on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating for the company in a research note on Thursday, January 9th. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus upped their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, IAMGOLD presently has an average rating of "Buy" and a consensus price target of C$8.30.

IAMGOLD Stock Up 4.9 %

The stock has a market capitalization of C$4.92 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The firm has a 50-day moving average of C$7.79 and a two-hundred day moving average of C$7.09.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period last year, the business earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that IAMGOLD Co. will post 1.1121076 earnings per share for the current year.

Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Director Renaud Adams acquired 36,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Company insiders own 0.10% of the company's stock.

IAMGOLD Company Profile

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.