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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams bought 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of C$8.08 per share, for a total transaction of C$282,660.00.

IAMGOLD Price Performance

IAMGOLD stock traded up C$0.03 during mid-day trading on Friday, hitting C$7.90. 773,028 shares of the company were exchanged, compared to its average volume of 1,816,451. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The business has a fifty day moving average of C$8.33 and a 200 day moving average of C$7.61. IAMGOLD Co. has a 1-year low of C$3.49 and a 1-year high of C$9.68. The company has a market capitalization of C$3.21 billion, a PE ratio of 4.10, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IMG. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares upped their target price on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.