IAMGOLD Co. (TSE:IMG) Director Renaud Adams Acquires 35,000 Shares of Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams acquired 35,000 shares of IAMGOLD stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of C$8.08 per share, for a total transaction of C$282,660.00.

IAMGOLD Price Performance

Shares of IMG opened at C$7.97 on Friday. IAMGOLD Co. has a 1 year low of C$3.49 and a 1 year high of C$9.68. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The company has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 4.14, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The business has a 50-day moving average of C$8.34 and a 200-day moving average of C$7.63.

Analysts Set New Price Targets

Several analysts recently weighed in on IMG shares. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bankshares lifted their price target on IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Two equities 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 data from MarketBeat, IAMGOLD currently has a consensus rating of “Buy” and a consensus price target 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.