IAMGOLD Co. (TSE:IMG) Senior Officer Stephen Eddy Sells 16,100 Shares

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

IAMGOLD Price Performance

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

Analysts Set New Price Targets

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

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.