Renaud Adams Acquires 35,000 Shares of IAMGOLD Co. (TSE:IMG) Stock

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

IAMGOLD Stock Up 1.3 %

Shares of TSE:IMG opened at C$7.97 on Friday. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 4.14, a PEG ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. IAMGOLD Co. has a 12-month low of C$3.49 and a 12-month high of C$9.68. The business’s 50 day moving average is C$8.34 and its 200 day moving average is C$7.63.

Wall Street Analyst Weigh In

Several research firms have recently commented on IMG. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, National Bankshares boosted their price objective on IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.