IAMGOLD Director Purchases Significant Stake in Company

IAMGOLD Co. (TSE:IMG - Get Free Report) and NYSE: IAG Director Lawrence Peter O'hagan made a notable investment by acquiring 4,800 shares of IAMGOLD stock on Tuesday, February 25th. The purchase was made at an average price of C$8.11 per share, bringing the total transaction value to C$38,918.88.

Stock Performance Update

On the same day, IAMGOLD's stock experienced a decline of 3.3%, trading down C$0.27 to reach C$7.97. A total of 1,819,265 shares changed hands, which is slightly below the average trading volume of 1,865,404 shares. The company holds a current ratio of 0.89, a quick ratio of 1.19, and a debt-to-equity ratio standing at 28.93. IAMGOLD has a market capitalization of C$3.24 billion and its price-to-earnings (P/E) ratio is recorded at 4.14. Moreover, it has a P/E/G ratio of -0.28 and a beta of 1.47. The stock's 50-day moving average is C$8.30, while its 200-day moving average is C$7.57. Over the past year, IAMGOLD has seen its stock hit a low of C$3.44 and a high of C$9.68.

Recent Analyst Changes

IAMGOLD has been evaluated by several analysts recently. On February 3rd, Raymond James upgraded IAMGOLD's rating from "strong sell" to "hold." On February 11th, National Bankshares raised their price target for IAMGOLD from C$12.00 to C$13.50, subsequently assigning the company an "outperform" rating. Additionally, on December 2nd, Cibc World Mkts moved IAMGOLD’s rating from "hold" to "strong-buy." Currently, two analysts have rated the stock as a hold, while one rated it as a buy, and three others categorized it as a strong buy. According to data from MarketBeat.com, IAMGOLD holds an average rating of "Buy" with an average target price of C$8.68.

Explore More About IAMGOLD

Company Overview

IAMGOLD Corporation operates as an intermediate gold producer and developer through its subsidiaries in Canada and Burkina Faso. The company has a 100% interest in the Westwood project, located in Quebec, covering an area of 1,925 hectares. Additionally, it owns a 60% interest in the Côté gold project, which spans 596 square kilometers in Ontario, Canada, and a 90% interest in the Essakane project, situated in Burkina Faso, covering an area of 274,000 square kilometers.

Related Content

• Five stocks we like better than IAMGOLD
• How to Plot Fibonacci Price Inflection Levels
• Nebius Slides Post-Earnings: A Long-Term Buy Opportunity?
• How to Calculate Return on Investment (ROI)
• NVIDIA Stock: A Market Barometer in Tech’s Turbulent Times
• What Are the FAANG Stocks and Are They Good Investments?
• Palantir Stock Nears Bear Market Territory - Why and What’s Next?

This news alert has been generated using advanced technology to provide readers with timely and accurate reporting.

Is IAMGOLD a Worthwhile Investment?

Before deciding to invest in IAMGOLD, consider seeking insight on potential investment opportunities. MarketBeat monitors key analysts who recommend top-performing stocks and may have identified other stocks worth potential investment, aside from IAMGOLD.

Discover More Stocks Here

IAMGOLD, Stock, Investment