IAMGOLD (TSE:IMG) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$25.24 and traded as high as C$25.80. IAMGOLD shares last traded at C$25.03, with a volume of 1,946,041 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on IMG shares. Bank of America raised their price objective on IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th. National Bank Financial raised their price objective on IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. TD Securities raised their price objective on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, BMO Capital Markets raised their price objective on IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$32.07.

IAMGOLD Price Performance

The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19. The firm has a market cap of C$14.33 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of -0.28 and a beta of 2.04. The firm has a 50-day simple moving average of C$24.29 and a 200 day simple moving average of C$25.29.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. The business had revenue of C$1.43 billion during the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%. As a group, equities analysts expect that IAMGOLD Co. will post 1.1121076 EPS for the current year.

Insider Transactions at IAMGOLD

In related news, insider Ankit Shah purchased 9,657 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of C$26.03 per share, with a total value of C$251,371.71. Following the transaction, the insider directly owned 9,657 shares in the company, valued at C$251,371.71. This trade represents a ? increase in their ownership of the stock. Also, Director Daniel Racine purchased 5,000 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of C$26.28 per share, with a total value of C$131,400.00. Following the transaction, the director owned 5,000 shares in the company, valued at C$131,400. The trade was a ? increase in their ownership of the stock. Insiders purchased a total of 33,023 shares of company stock valued at $782,657 in the last quarter. 0.10% of the stock is owned by insiders.

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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.