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

Key Points

• IAMGOLD shares recently surpassed their 200-day moving average of C$9.52, trading as high as C$12.25 before closing at C$12.13.
• Analysts have given the stock a consensus rating of “Buy” with a target price of C$13.50, including upgrades from Raymond James and National Bankshares.
• The company, with a market cap of C$4.93 billion, operates mid-tier gold mining projects in North America, South America, and West Africa.

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.52 and traded as high as C$12.25. IAMGOLD shares last traded at C$12.13, with a volume of 1,887,307 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IMG. National Bankshares upped their price target on shares of IAMGOLD from C$15.00 to C$16.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Raymond James Financial upgraded IAMGOLD to a "hold" rating in a research report on Monday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$13.50.

IAMGOLD Stock Performance

The company has a market cap of C$4.97 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of -0.28 and a beta of 1.47. 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's 50 day moving average price is C$10.30 and its 200 day moving average price is C$9.59.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.