IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.54 and traded as high as C$7.50. IAMGOLD shares last traded at C$7.44, with a volume of 2,245,519 shares traded.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on IMG. Royal Bank of Canada lowered shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, September 10th. Canaccord Genuity Group increased their price target on IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares upped their price objective on shares of IAMGOLD from C$7.00 to C$8.50 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$5.70.
Read Our Latest Research Report on IMG
IAMGOLD Stock Performance
The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The stock has a market cap of C$4.24 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The firm has a fifty day moving average price of C$6.39 and a 200 day moving average price of C$5.54.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The firm had revenue of C$527.18 million for the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. Research analysts forecast that IAMGOLD Co. will post 1.1121076 earnings per share for the current fiscal year.
Insider Activity
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. Insiders own 0.10% of the company's stock.
IAMGOLD Company Profile
(
Get Free Report)
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.
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