IAMGOLD (TSE:IMG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.67 and traded as high as C$10.68. IAMGOLD shares last traded at C$10.20, with a volume of 2,390,562 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on IAMGOLD from C$9.50 to C$11.00 in a research report on Monday, April 21st. BMO Capital Markets upgraded IAMGOLD to a “strong-buy” rating in a research report on Wednesday, April 16th. National Bank Financial upgraded IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. Finally, National Bankshares lifted their price objective on IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average target price of C$10.67.

IAMGOLD Price Performance

The stock has a market cap of C$4.14 billion, a P/E ratio of 5.29, a PEG ratio of -0.28 and a beta of 1.47. The company has a 50 day simple moving average of C$9.57 and a 200 day simple moving average of C$8.67. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93.

Insider Activity at IAMGOLD

In other news, Director Christiane Bergevin acquired 5,000 shares of IAMGOLD stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of C$8.29 per share, with a total value of C$41,450.00. Also, Senior Officer Bruno Lemelin sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total value of C$127,786.50. 0.10% of the stock is currently owned by 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.