IAMGOLD (TSE:IMG) Reaches New 52-Week High at $7.55

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$7.55 and last traded at C$7.38, with a volume of 796458 shares. The stock had previously closed at C$7.35.

Wall Street Analysts Forecast Growth

IMG has been the subject of a number of analyst reports. Royal Bank of Canada cut shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a report on Tuesday, September 10th. Canaccord Genuity Group boosted their price objective on shares of IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. Finally, National Bankshares boosted their price objective on shares of IAMGOLD from C$7.00 to C$8.50 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$5.70.

IAMGOLD Stock Performance

The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The stock's 50-day moving average price is C$6.23 and its 200 day moving average price is C$5.42. The firm has a market cap of C$4.11 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The firm had revenue of C$527.18 million for the quarter. As a group, equities analysts predict that IAMGOLD Co. will post 0.969697 EPS for the current year.

Insiders Place Their Bets

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% of the company's stock.

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.