IAMGOLD (TSE:IMG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemIAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$24.92 and traded as high as C$26.60. IAMGOLD shares last traded at C$26.46, with a volume of 2,209,461 shares changing hands.
Wall Street Analysts Forecast Growth
IMG has been the topic of several research analyst reports. BMO Capital Markets raised their target price on shares of IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. National Bank Financial upped their price target on shares of IAMGOLD from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IAMGOLD has a consensus rating of “Buy” and a consensus target price of C$31.07.
View Our Latest Research Report on IAMGOLD
IAMGOLD Trading Up 5.7%
The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. The stock has a market capitalization of C$15.26 billion, a P/E ratio of 13.50, a PEG ratio of -0.28 and a beta of 2.15. The firm’s 50-day simple moving average is C$22.50 and its 200 day simple moving average is C$24.88.
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last posted its quarterly earnings data on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. The company had revenue of C$1.22 billion during the quarter. IAMGOLD had a net margin of 31.46% and a return on equity of 28.08%. Equities research analysts anticipate that IAMGOLD Co. will post 1.1121076 EPS for the current fiscal year.
Insider Activity at IAMGOLD
In other IAMGOLD news, insider Ankit Shah purchased 4,666 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of C$21.43 per share, for a total transaction of C$99,992.38. Following the completion of the transaction, the insider owned 14,323 shares in the company, valued at C$306,941.89. This represents a 48.32% increase in their position. Also, Director Renaud Adams purchased 13,700 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average price of C$21.89 per share, for a total transaction of C$299,893.00. Following the transaction, the director owned 646,867 shares of the company’s stock, valued at C$14,159,918.63. The trade was a 2.16% increase in their position. 0.10% of the stock is owned by corporate insiders.
About IAMGOLD
IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.