Lawrence Peter O’hagan Purchases 4,800 Shares of IAMGOLD Co. (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Lawrence Peter O’hagan purchased 4,800 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of C$8.11 per share, for a total transaction of C$38,918.88.

IAMGOLD Price Performance

IMG stock opened at C$8.35 on Thursday. IAMGOLD Co. has a one year low of C$3.44 and a one year high of C$9.68. The firm has a 50-day moving average of C$8.32 and a two-hundred day moving average of C$7.59. The firm has a market capitalization of C$3.39 billion, a PE ratio of 4.33, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. 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 report on Tuesday, February 11th. Finally, Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. 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.com, IAMGOLD currently has a consensus 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.