Renaud Adams Buys 36,000 Shares of IAMGOLD Co. (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams purchased 36,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of C$6.95 per share, with a total value of C$250,102.80.

IAMGOLD Trading Down 0.4 %

Shares of TSE IMG opened at C$6.99 on Thursday. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. IAMGOLD Co. has a 52-week low of C$2.87 and a 52-week high of C$8.80. The firm has a 50 day moving average price of C$7.23 and a two-hundred day moving average price of C$6.18. The stock has a market cap of C$3.99 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Stifel Nicolaus increased their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. National Bankshares increased 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 note on Wednesday, October 23rd. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two investment 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 company’s stock. According to MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average price target of C$7.29.

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.