Rep. Brian Babin Sells Off Shares of Iamgold Corporation (NYSE:IAG)

Representative Brian Babin (Republican-Texas) recently sold shares of Iamgold Corporation (NYSE:IAG). In a filing disclosed on May 18th, the Representative disclosed that they had sold between $1,001 and $15,000 in Iamgold stock on May 5th. The trade occurred in the Representative’s “UBS SEP IRA” account.

Representative Brian Babin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Westshore Terminals Investment (OTCMKTS:WTSHF) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Compass Diversified (NYSE:CODI) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of FTAI Infrastructure (NASDAQ:FIP) on 5/5/2026.
• Sold $15,001 – $50,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of South32 (OTCMKTS:SOUHY) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Range Resources (NYSE:RRC) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Enbridge (NYSE:ENB) on 5/5/2026.
• Sold $15,001 – $50,000 in shares of Huntington Ingalls Industries (NYSE:HII) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Woodside Energy Group (NYSE:WDS) on 5/5/2026.

Iamgold Stock Down 4.9%

Shares of IAG stock opened at $16.14 on Wednesday. Iamgold Corporation has a 1 year low of $6.40 and a 1 year high of $24.87. The stock has a market cap of $9.33 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. The business’s fifty day moving average is $18.48 and its 200-day moving average is $17.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.89.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, May 5th. The mining company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.14. Iamgold had a return on equity of 26.65% and a net margin of 29.49%.The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $955.17 million. Equities analysts expect that Iamgold Corporation will post 2.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Iamgold in a research report on Wednesday, February 4th. TD Securities restated a “buy” rating on shares of Iamgold in a report on Thursday, February 19th. Zacks Research cut Iamgold from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Scotiabank lifted their target price on Iamgold to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Iamgold in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Iamgold has an average rating of “Moderate Buy” and an average price target of $17.75.

Institutional Trading of Iamgold

Hedge funds and other institutional investors have recently modified their holdings of the business. Tsfg LLC acquired a new stake in shares of Iamgold in the third quarter worth $26,000. Banque Transatlantique SA acquired a new stake in Iamgold during the second quarter valued at $26,000. Pin Oak Investment Advisors Inc. acquired a new stake in Iamgold during the fourth quarter valued at $30,000. Global Retirement Partners LLC acquired a new stake in Iamgold during the fourth quarter valued at $33,000. Finally, FNY Investment Advisers LLC acquired a new stake in Iamgold during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

Insider Transactions at Iamgold

In related news, Director David Stewart Smith sold 31,000 shares of Iamgold stock in a transaction on Friday, February 27th. The stock was sold at an average price of $32.87, for a total transaction of $1,018,970.00. Following the completion of the sale, the director owned 20,000 shares of the company’s stock, valued at approximately $657,400. This trade represents a 60.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

About Representative Babin

Brian Babin (Republican Party) is a member of the U.S. House, representing Texas’ 36th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Babin (Republican Party) is running for re-election to the U.S. House to represent Texas’ 36th Congressional District. He declared candidacy for the 2026 election.

Babin is a member of the House Transportation and Infrastructure Committee and the House Committee on Science, Space, and Technology.

Babin served in the United States Air Force as a captain from 1975 to 1979. While serving, he earned his B.S. in biology from Lamar University in 1973. He then enrolled in dental school at the University of Texas and graduated with his D.D.S. in 1976. He has been engaged in general dental practice since 1979.

About Iamgold

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.