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 firm’s stock in a transaction dated 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 Stock Performance

IMG stock traded down C$0.01 during trading on Friday, reaching C$7.94. 348,324 shares of the stock were exchanged, compared to its average volume of 1,539,166. The stock has a 50 day simple moving average of C$7.34 and a 200-day simple moving average of C$6.29. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The company has a market capitalization of C$4.53 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. 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

A number of research analysts have issued reports on IMG shares. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, National Bankshares upped 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$7.29.

IAMGOLD Company Profile

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.