IAMGOLD Co. (TSE:IMG) Senior Officer Sells C$127,786.50 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Bruno Lemelin sold 15,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$8.52, for a total value of C$127,786.50.

IAMGOLD Stock Performance

IAMGOLD stock opened at C$8.46 on Friday. The stock’s 50 day moving average price is C$8.43 and its 200 day moving average price is C$7.74. IAMGOLD Co. has a one year low of C$3.94 and a one year high of C$9.68. The firm has a market capitalization of C$3.44 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IMG. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. National Bankshares boosted their price target on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. 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 MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus target price of C$8.68.

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.