Ankit Shah Acquires 9,657 Shares of IAMGOLD (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) insider Ankit Shah bought 9,657 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of C$26.03 per share, with a total value of C$251,371.71. Following the completion of the acquisition, the insider directly owned 9,657 shares in the company, valued at C$251,371.71. This trade represents a ∞ increase in their ownership of the stock.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at C$25.80 on Thursday. The business has a 50-day moving average of C$25.94 and a 200 day moving average of C$24.37. IAMGOLD Co. has a 12 month low of C$8.46 and a 12 month high of C$34.09. The stock has a market capitalization of C$14.91 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of -0.28 and a beta of 2.11. The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. National Bank Financial lifted their price target on IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. TD Securities lifted their price target on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. BMO Capital Markets boosted their target price on IAMGOLD from C$27.00 to C$32.00 in a report on Wednesday, April 22nd. Finally, Bank of America boosted their target price on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IAMGOLD currently has a consensus 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.