IAMGOLD (TSE:IMG) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.49 and traded as high as C$9.36. IAMGOLD shares last traded at C$9.25, with a volume of 1,508,439 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IMG. Raymond James raised shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. BMO Capital Markets raised shares of IAMGOLD to a "strong-buy" rating in a research report on Wednesday, April 16th. Stifel Nicolaus increased their price target on shares of IAMGOLD from C$9.50 to C$11.00 in a research report on Monday, April 21st. National Bankshares increased their price target on shares of IAMGOLD from C$13.50 to C$15.00 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Finally, National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$10.67.

IAMGOLD Stock Performance

The company's 50-day moving average price is C$9.41 and its 200 day moving average price is C$8.55. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The stock has a market capitalization of C$3.84 billion, a PE ratio of 4.90, a PEG ratio of -0.28 and a beta of 1.47.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Director Renaud Adams purchased 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of C$8.08 per share, with a total value of C$282,660.00. Also, Senior Officer Bruno Lemelin sold 15,000 shares of IAMGOLD stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Corporate insiders own 0.10% of the company's stock.

IAMGOLD Company Profile

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.