Insider Selling: IAMGOLD Co. (TSE:IMG) Senior Officer Sells C$127,786.50 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Bruno Lemelin sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$8.52, for a total value of C$127,786.50.

IAMGOLD Stock Up 1.6 %

Shares of TSE:IMG opened at C$8.46 on Monday. IAMGOLD Co. has a 1 year low of C$3.94 and a 1 year high of C$9.68. The business has a 50 day simple moving average of C$8.43 and a two-hundred day simple moving average of C$7.74. The firm has a market capitalization of C$3.44 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

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