IAMGOLD (TSE:IMG) Shares Pass Above 200 Day Moving Average of $3.28

IAMGOLD Co. (TSE:IMG – Get Rating) (NYSE:IAG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.28 and traded as high as C$4.40. IAMGOLD shares last traded at C$4.28, with a volume of 1,134,693 shares changing hands.

Analyst Upgrades and Downgrades

IMG has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of IAMGOLD from C$3.25 to C$3.50 in a research note on Thursday, April 20th. Bank of America upped their target price on shares of IAMGOLD from C$3.65 to C$4.35 in a research note on Wednesday, April 5th. Cormark reduced their price target on shares of IAMGOLD from C$5.75 to C$4.50 in a research report on Tuesday, February 21st. Finally, National Bankshares lowered their target price on shares of IAMGOLD from C$4.10 to C$4.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 14th.

IAMGOLD Stock Down 3.2 %

The company has a debt-to-equity ratio of 44.97, a current ratio of 2.35 and a quick ratio of 1.19. The company has a market capitalization of C$2.06 billion, a P/E ratio of -25.18, a P/E/G ratio of -0.28 and a beta of 1.35. The stock has a 50-day moving average price of C$3.76 and a 200-day moving average price of C$3.28.

IAMGOLD (TSE:IMG – Get Rating) (NYSE:IAG) last released its quarterly earnings results on Thursday, February 16th. The mining company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.01). IAMGOLD had a negative net margin of 7.31% and a negative return on equity of 1.61%. The business had revenue of C$281.32 million during the quarter. On average, research analysts predict that IAMGOLD Co. will post -0.01 EPS for the current fiscal year.

IAMGOLD Company Profile

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IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.