Stephen Eddy Sells 16,100 Shares of IAMGOLD Co. (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00.

IAMGOLD Price Performance

IAMGOLD stock opened at C$7.99 on Friday. IAMGOLD Co. has a 1 year low of C$2.87 and a 1 year high of C$8.80. The firm has a 50 day moving average price of C$7.37 and a 200 day moving average price of C$6.32. The company has a market cap of C$4.56 billion, a price-to-earnings ratio of 24.97, a PEG ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, National Bankshares boosted their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, IAMGOLD 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.