Insider Selling: IAMGOLD Co. (TSE:IMG) Senior Officer Sells 14,000 Shares of Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total value of C$99,206.80.

IAMGOLD Stock Down 0.3 %

IMG stock traded down C$0.02 during trading on Friday, hitting C$7.02. 1,184,536 shares of the company’s stock were exchanged, compared to its average volume of 1,429,629. The business has a 50-day moving average price of C$5.65 and a two-hundred day moving average price of C$4.98. The stock has a market capitalization of C$4.00 billion, a price-to-earnings ratio of 21.30, a PEG ratio of -0.28 and a beta of 1.46. IAMGOLD Co. has a 52-week low of C$2.71 and a 52-week high of C$7.21. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IMG shares. National Bankshares lifted their price objective on IAMGOLD from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Tuesday. Royal Bank of Canada upgraded IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group lifted their price objective on IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, IAMGOLD presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.28.

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.