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

IAMGOLD Co. (TSE:IMG - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.