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 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 Trading Up 2.4 %

IMG traded up C$0.20 during mid-day trading on Friday, reaching C$8.53. The stock had a trading volume of 747,060 shares, compared to its average volume of 1,840,321. The firm’s fifty day simple moving average is C$8.42 and its two-hundred day simple moving average is C$7.72. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The stock has a market capitalization of C$3.47 billion, a P/E ratio of 4.43, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD Co. has a 52 week low of C$3.94 and a 52 week high of C$9.68.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IMG shares. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, National Bankshares increased their price objective 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. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.