IAMGOLD Co. (TSE:IMG) Senior Officer Bruno Lemelin Sells 15,000 Shares of Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Bruno Lemelin sold 15,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50.

IAMGOLD Trading Up 1.6 %

TSE:IMG opened at C$8.46 on Friday. 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 firm has a market cap of C$3.44 billion, a price-to-earnings ratio of 4.39, a price-to-earnings-growth 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. The firm has a 50-day moving average price of C$8.43 and a two-hundred day moving average price of C$7.73.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. National Bankshares upped their price target on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company 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 research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD presently has an average rating of “Buy” and an average price target of C$8.68.

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.