Insider Buying: IAMGOLD Co. (TSE:IMG) Director Buys 5,000 Shares of Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Christiane Bergevin bought 5,000 shares of IAMGOLD stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of C$8.29 per share, with a total value of C$41,450.00.

IAMGOLD Trading Up 1.6 %

IAMGOLD stock opened at C$8.46 on Monday. The company has a 50 day moving average price of C$8.43 and a 200 day moving average price of C$7.74. IAMGOLD Co. has a 52 week low of C$3.94 and a 52 week high of C$9.68. 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 capitalization of C$3.44 billion, a price-to-earnings ratio of 4.39, a P/E/G ratio of -0.28 and a beta of 1.47.

Analyst Ratings Changes

A number of analysts recently weighed in on IMG shares. 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. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.