Insider Buying: IAMGOLD Co. (TSE:IMG) Director Buys C$282,660.00 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams bought 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of C$8.08 per share, for a total transaction of C$282,660.00.

IAMGOLD Trading Up 1.3 %

Shares of IMG stock opened at C$7.97 on Monday. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 4.14, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. IAMGOLD Co. has a fifty-two week low of C$3.49 and a fifty-two week high of C$9.68. The firm’s 50 day moving average price is C$8.34 and its two-hundred day moving average price is C$7.66.

Analysts Set New Price Targets

IMG has been the topic of several research analyst reports. National Bankshares raised their target price on shares of IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Cibc World Mkts raised shares of 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 given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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.