IAMGOLD Co. (TSE:IMG) Director Buys C$38,918.88 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Lawrence Peter O’hagan bought 4,800 shares of IAMGOLD stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of C$8.11 per share, with a total value of C$38,918.88.

IAMGOLD Trading Down 3.3 %

IMG stock traded down C$0.27 during trading on Tuesday, reaching C$7.97. 1,819,265 shares of the stock were exchanged, compared to its average volume of 1,865,404. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The firm has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 4.14, a P/E/G ratio of -0.28 and a beta of 1.47. The business has a 50 day moving average price of C$8.30 and a 200-day moving average price of C$7.57. IAMGOLD Co. has a 1 year low of C$3.44 and a 1 year high of C$9.68.

Analyst Upgrades and Downgrades

IMG has been the subject of several research reports. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. National Bankshares upped their price target on IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.