Iamgold (TSE:IMG) Shares Pass Below 50 Day Moving Average of $3.93

Iamgold Corp (TSE:IMG) (NYSE:IAG) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.93 and traded as low as $4.55. Iamgold shares last traded at $4.58, with a volume of 541,054 shares changing hands.

A number of research analysts have commented on IMG shares. TD Securities upped their target price on shares of WestJet Airlines from C$19.00 to C$20.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Canaccord Genuity cut shares of Iamgold from a “buy” rating to a “hold” rating and decreased their target price for the company from C$7.00 to C$3.75 in a research report on Tuesday, May 7th. Finally, National Bank Financial cut shares of Detour Gold to a “hold” rating in a research report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$5.99.

The stock’s 50-day moving average price is C$3.96. The company has a debt-to-equity ratio of 14.22, a quick ratio of 3.04 and a current ratio of 4.18. The company has a market capitalization of $2.16 billion and a P/E ratio of -19.09.

Iamgold Company Profile (TSE:IMG)

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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