Insider Selling: IAMGOLD Corp (IMG) Insider Sells 45,000 Shares of Stock
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) insider Carol Banducci sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total value of C$302,400.00.
Shares of IAMGOLD Corp (IMG) traded up 1.20% during midday trading on Wednesday, reaching $6.77. The company’s stock had a trading volume of 1,664,129 shares. The company’s market capitalization is $3.15 billion. IAMGOLD Corp has a one year low of $4.18 and a one year high of $7.65. The stock’s 50-day moving average is $6.05 and its 200-day moving average is $5.65.
A number of equities research analysts recently issued reports on the company. Scotiabank raised their price target on IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 8th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of IAMGOLD Corp in a research report on Sunday, May 14th. TD Securities lifted their target price on IAMGOLD Corp from C$7.50 to C$8.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada lifted their target price on IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a research report on Thursday, June 8th. Finally, CIBC lifted their target price on IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. IAMGOLD Corp currently has a consensus rating of “Hold” and a consensus price target of C$7.11.
About IAMGOLD Corp
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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