IAMGOLD Co. (TSE:IMG) Director Purchases 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 that occurred on Tuesday, November 12th. The shares were bought at an average price of C$6.95 per share, with a total value of C$250,102.80.

IAMGOLD Stock Performance

Shares of IMG traded down C$0.28 during mid-day trading on Tuesday, hitting C$6.98. 861,035 shares of the company’s stock were exchanged, compared to its average volume of 1,547,881. The firm has a market cap of C$3.98 billion, a price-to-earnings ratio of 22.69, 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 1.34 and a debt-to-equity ratio of 35.17. The stock’s 50-day simple moving average is C$7.23 and its 200-day simple moving average is C$6.16. IAMGOLD Co. has a 52 week low of C$2.87 and a 52 week high of C$8.80.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. National Bankshares increased their target price on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus upped their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, IAMGOLD has an average rating of “Buy” and an average target price of C$6.91.

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.