IAMGOLD Director Acquires C$38,918.88 in Stock

On February 25th, IAMGOLD Co. (TSE:IMG - Get Free Report) (NYSE:IAG) announced that Director Lawrence Peter O'Hagan has purchased 4,800 shares of IAMGOLD stock. The shares were bought at an average price of C$8.11 per share, resulting in a total investment of C$38,918.88.

IAMGOLD Stock Performance

During trading on Tuesday, IAMGOLD's stock experienced a decline of 3.3%, dropping C$0.27 to reach a price of C$7.97. The trading volume for the day was 1,819,265 shares, which is lower than the average volume of 1,865,404 shares. IAMGOLD currently has a current ratio of 0.89, a quick ratio of 1.19, and a high debt-to-equity ratio of 28.93. The company's market capitalization stands at C$3.24 billion, with a price-to-earnings (P/E) ratio of 4.14 and a P/E/G ratio of -0.28. The stock has seen significant fluctuations over the past year, with a low of C$3.44 and a high of C$9.68.

Recent Analyst Ratings

The stock has recently been under the spotlight from analysts, with several research reports affecting its rating. On February 3rd, Raymond James upgraded IAMGOLD from a "strong sell" to a "hold" rating. National Bankshares also increased their price target for IAMGOLD from C$12.00 to C$13.50 while giving the stock an "outperform" rating on February 11th. In addition, CIBC World Markets raised IAMGOLD from a "hold" to a "strong-buy" rating back on December 2nd. Overall, two analysts have given the stock a hold rating, one has labeled it as a buy, and three have classified it as a strong buy. According to data from MarketBeat.com, IAMGOLD currently holds an average rating of "Buy" with an average target price of C$8.68.

About IAMGOLD Corporation

IAMGOLD Corporation operates as an intermediate gold producer within Canada and Burkina Faso through its subsidiaries. The company boasts full ownership of the Westwood project located in Quebec, which spans 1,925 hectares. Additionally, IAMGOLD holds a 60% interest in the Côté gold project, covering 596 square kilometers in Ontario, Canada, and a 90% interest in the Essakane project, which stretches over 274,000 square kilometers in Burkina Faso.

IAMGOLD, Stocks, Investment