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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG)’s share price 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.

Wall Street Analysts Forecast Growth

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

IAMGOLD Trading Down 2.6 %

The firm’s 50-day moving average is C$8.50 and its 200-day moving average is C$7.79. 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 firm has a market cap of C$3.51 billion, a price-to-earnings ratio of 4.49, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Transactions at IAMGOLD

In other news, Senior Officer Bruno Lemelin sold 15,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total value of C$127,786.50. Also, Director Christiane Bergevin purchased 5,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of C$8.29 per share, for a total transaction of C$41,450.00. Insiders have acquired 45,800 shares of company stock worth $370,999 in the last ninety days. 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.