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

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

IAMGOLD Stock Up 2.4 %

Shares of IMG traded up C$0.20 during midday trading on Friday, hitting C$8.53. The stock had a trading volume of 747,060 shares, compared to its average volume of 1,840,321. The company has a 50 day simple moving average of C$8.42 and a two-hundred day simple moving average of C$7.72. IAMGOLD Co. has a twelve month low of C$3.94 and a twelve month high of C$9.68. The firm has a market cap of C$3.47 billion, a price-to-earnings ratio of 4.43, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. National Bankshares raised their price objective on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company 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.