IAMGOLD (TSE:IMG) Insider Ankit Shah Purchases 9,657 Shares

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) insider Ankit Shah bought 9,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of C$26.03 per share, with a total value of C$251,371.71. Following the completion of the acquisition, the insider owned 9,657 shares of the company’s stock, valued at C$251,371.71. This represents a ? increase in their position.

IAMGOLD Price Performance

IAMGOLD stock opened at C$26.12 on Wednesday. The company has a market cap of C$15.10 billion, a price-to-earnings ratio of 15.27, a PEG ratio of -0.28 and a beta of 2.11. The firm’s fifty day moving average is C$26.08 and its 200 day moving average is C$24.31. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02. IAMGOLD Co. has a 52-week low of C$8.46 and a 52-week high of C$34.09.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. The firm had revenue of C$1.43 billion for the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%. Sell-side analysts forecast that IAMGOLD Co. will post 1.1121076 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IMG. Bank of America upped their price objective on IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday, February 26th. BMO Capital Markets upped their price objective on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus upped their price objective on IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. TD Securities upped their price objective on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, National Bank Financial upped their price objective on IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.07.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.