Bruno Lemelin Sells 14,000 Shares of IAMGOLD Co. (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Bruno Lemelin sold 14,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80.

IAMGOLD Trading Down 0.1 %

IMG opened at C$7.03 on Friday. The stock has a market capitalization of C$4.01 billion, a P/E ratio of 21.30, a P/E/G ratio of -0.28 and a beta of 1.46. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. IAMGOLD Co. has a 12 month low of C$2.71 and a 12 month high of C$7.21. The firm’s fifty day simple moving average is C$5.69 and its 200 day simple moving average is C$5.02.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IMG. Canaccord Genuity Group upped their target price on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada upgraded shares of IAMGOLD from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 8th. Finally, National Bankshares lifted their target price on IAMGOLD from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.28.

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.