Timothy Bradburn Sells 16,800 Shares of IAMGOLD Co. (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at C$7.98 on Wednesday. The company has a market cap of C$4.55 billion, a PE ratio of 24.94, a P/E/G ratio of -0.28 and a beta of 1.47. The business has a 50 day moving average of C$7.45 and a 200 day moving average of C$6.47. IAMGOLD Co. has a 52 week low of C$2.87 and a 52 week high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17.

Wall Street Analyst Weigh In

Several research firms recently commented on IMG. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus boosted their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. 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 three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.