IAMGOLD (TSE:IMG) Stock Price Down 5% - Here's What Happened

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's share price was down 5% during trading on Friday . The company traded as low as C$8.10 and last traded at C$8.51. Approximately 424,203 shares traded hands during trading, a decline of 76% from the average daily volume of 1,769,132 shares. The stock had previously closed at C$8.96.

Wall Street Analyst Weigh In

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

IAMGOLD Price Performance

The stock has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 4.14, a P/E/G 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 has a fifty day moving average of C$8.29 and a 200-day moving average of C$7.57.

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Insider Activity

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of IAMGOLD 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. 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.