IAMGOLD (TSE:IMG) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.49 and traded as high as C$9.08. IAMGOLD shares last traded at C$8.96, with a volume of 2,307,557 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IMG shares. National Bankshares upped their target price on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$8.68.

IAMGOLD Price Performance

The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The stock has a market capitalization of C$3.64 billion, a PE ratio of 4.65, a PEG ratio of -0.28 and a beta of 1.47. The firm’s 50-day moving average price is C$8.24 and its 200-day moving average price is C$7.49.

Insider Buying and Selling

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. 0.10% of the stock is currently owned by corporate insiders.

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.