IAMGOLD Co. (TSE:IMG) Senior Officer Sells C$125,580.00 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00.

IAMGOLD Price Performance

Shares of IMG opened at C$7.99 on Friday. The stock has a market capitalization of C$4.56 billion, a P/E ratio of 24.97, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD Co. has a twelve month low of C$2.87 and a twelve month high of C$8.80. The company has a 50 day moving average of C$7.37 and a 200-day moving average of C$6.32. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17.

Wall Street Analysts Forecast Growth

IMG has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. National Bankshares increased their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$7.29.

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.