IAMGOLD Co. (TSE:IMG) Director Buys C$250,102.80 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams acquired 36,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of C$6.95 per share, with a total value of C$250,102.80.

IAMGOLD Stock Down 0.4 %

IAMGOLD stock opened at C$6.99 on Thursday. IAMGOLD Co. has a 1-year low of C$2.87 and a 1-year high of C$8.80. The firm has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The firm’s fifty day moving average price is C$7.23 and its two-hundred day moving average price is C$6.18. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IMG. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares raised their price target 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. Finally, Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.