IAMGOLD Co. (TSE:IMG) Director Acquires C$250,102.80 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams acquired 36,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of C$6.95 per share, with a total value of C$250,102.80.

IAMGOLD Stock Performance

Shares of TSE IMG opened at C$7.01 on Friday. The company has a market cap of C$4.00 billion, a P/E ratio of 21.91, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. IAMGOLD Co. has a 12 month low of C$2.87 and a 12 month high of C$8.80. The business’s 50 day moving average is C$7.24 and its two-hundred day moving average is C$6.19.

Wall Street Analysts Forecast Growth

IMG has been the topic of several analyst reports. 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. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, National Bankshares raised their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Two investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.