IAMGOLD (TSE:IMG) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.79 and traded as high as C$8.81. IAMGOLD shares last traded at C$8.65, with a volume of 3,990,276 shares trading hands.

Analysts Set New Price Targets

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

IAMGOLD Stock Down 2.6 %

The company has a fifty day moving average of C$8.50 and a two-hundred day moving average of C$7.79. The company has a market cap of C$3.51 billion, a PE ratio of 4.49, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

Insider Activity at IAMGOLD

In other news, Director Renaud Adams purchased 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of C$8.08 per share, with a total value of C$282,660.00. Also, Director Christiane Bergevin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of C$8.29 per share, with a total value of C$41,450.00. In the last 90 days, insiders have purchased 45,800 shares of company stock worth $370,999. Company insiders own 0.10% of the company’s stock.

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.