IAMGOLD (TSE:IMG) Shares Up 6.1% – What’s Next?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) was up 6.1% on Thursday . The stock traded as high as C$9.83 and last traded at C$9.75. Approximately 1,697,949 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 1,943,968 shares. The stock had previously closed at C$9.19.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IMG shares. National Bankshares boosted their price objective on IAMGOLD from C$13.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, April 2nd. National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. 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 equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$10.00.

IAMGOLD Trading Up 3.9 %

The firm has a market capitalization of C$3.88 billion, a P/E ratio of 4.96, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The stock has a 50-day simple moving average of C$8.64 and a two-hundred day simple moving average of C$7.99. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams acquired 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of C$8.08 per share, with a total value of C$282,660.00. Also, Director Lawrence Peter O’hagan acquired 4,800 shares of IAMGOLD stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of C$8.11 per share, with a total value of C$38,918.88. Insiders bought 45,800 shares of company stock worth $370,999 over the last three months. 0.10% of the stock is owned by corporate insiders.

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.