IAMGOLD Co. (TSE:IMG) Director Renaud Adams Purchases 35,000 Shares

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG Director Renaud Adams bought 35,000 shares of IAMGOLD stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of C$8.08 per share, with a total value of C$282,660.00.

IAMGOLD Stock Performance

Shares of IMG stock traded up C$0.02 during trading on Tuesday, reaching C$8.03. 1,657,814 shares of the company's stock were exchanged, compared to its average volume of 1,826,011. 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 market capitalization of C$3.26 billion, a PE ratio of 4.17, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD Co. has a twelve month low of C$3.84 and a twelve month high of C$9.68. The firm's fifty day moving average price is C$8.36 and its 200-day moving average price is C$7.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IMG. National Bankshares raised their target price on IAMGOLD from C$12.00 to C$13.50 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Finally, Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$8.68.

Remove Ads

About IAMGOLD

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.