Insider Buying: IAMGOLD Co. (TSE:IMG) Director Acquires 35,000 Shares of Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams acquired 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average price of C$8.08 per share, with a total value of C$282,660.00.

IAMGOLD Trading Up 0.4 %

IMG stock traded up C$0.03 during midday trading on Friday, reaching C$7.90. The stock had a trading volume of 773,028 shares, compared to its average volume of 1,816,451. The business has a fifty day simple moving average of C$8.33 and a two-hundred day simple moving average of C$7.61. 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 firm has a market cap of C$3.21 billion, a price-to-earnings ratio of 4.10, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD Co. has a twelve month low of C$3.49 and a twelve month high of C$9.68.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IMG shares. 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 investment 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, IAMGOLD currently has an average rating of “Buy” and a consensus target price of C$8.68.

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.