IAMGOLD Co. (TSE:IMG) Director Buys C$41,450.00 in Stock

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG Director Christiane Bergevin bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of C$8.29 per share, for a total transaction of C$41,450.00.

IAMGOLD Price Performance

IAMGOLD stock traded down C$0.12 during midday trading on Tuesday, reaching C$8.55. The company had a trading volume of 1,443,216 shares, compared to its average volume of 1,845,555. The company has a market capitalization of C$3.47 billion, a P/E ratio of 4.44, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD Co. has a 12-month low of C$3.94 and a 12-month high of C$9.68. The firm's fifty day simple moving average is C$8.47 and its 200-day simple moving average is C$7.75. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

Analyst Ratings Changes

Several research firms have recently issued reports on IMG. National Bankshares increased 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 note on Monday, December 2nd. Finally, Raymond James raised shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$8.68.

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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.