IAMGOLD (TSE:IMG) Director Daniel Racine Purchases 5,000 Shares

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Daniel Racine bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of C$26.28 per share, with a total value of C$131,400.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$131,400. This trade represents a ∞ increase in their ownership of the stock.

IAMGOLD Stock Up 1.5%

IMG stock opened at C$25.97 on Tuesday. IAMGOLD Co. has a 12 month low of C$8.46 and a 12 month high of C$34.09. The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19. The company has a market capitalization of C$15.01 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of -0.28 and a beta of 2.11. The firm’s fifty day simple moving average is C$26.23 and its 200-day simple moving average is C$24.24.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. The company 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%. As a group, equities research analysts forecast that IAMGOLD Co. will post 1.1121076 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on IMG shares. Bank of America raised their price objective on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. TD Securities upped their price objective on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. National Bank Financial raised their target price 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. BMO Capital Markets lifted their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$32.07.

About IAMGOLD

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.