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 IAMGOLD stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00.

IAMGOLD Stock Performance

TSE:IMG opened at C$7.99 on Friday. The stock has a market cap of C$4.56 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The stock’s 50-day moving average is C$7.37 and its 200-day moving average is C$6.32. IAMGOLD Co. has a 1-year low of C$2.87 and a 1-year high of C$8.80.

Analyst Upgrades and Downgrades

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