IAMGOLD (TSE:IMG) Announces Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) released its quarterly earnings results on Thursday. The mining company reported C$0.60 earnings per share (EPS) for the quarter, FiscalAI reports. IAMGOLD had a net margin of 29.53% and a return on equity of 26.05%. The company had revenue of C$1.22 billion for the quarter.

IAMGOLD Stock Up 0.6%

Shares of IMG opened at C$22.48 on Friday. The company has a market cap of C$12.99 billion, a PE ratio of 13.15, a P/E/G ratio of -0.28 and a beta of 2.15. The business has a fifty day moving average of C$22.13 and a 200 day moving average of C$25.03. IAMGOLD has a 52-week low of C$9.80 and a 52-week high of C$34.09. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IMG. National Bank Financial boosted their target price on shares of IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. BMO Capital Markets increased their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IAMGOLD presently has a consensus rating of “Buy” and a consensus target price of C$32.07.

Insiders Place Their Bets

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

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.