IAMGOLD (TSE:IMG) Director Buys C$299,893.00 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams purchased 13,700 shares of the business’s stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of C$21.89 per share, for a total transaction of C$299,893.00. Following the transaction, the director directly owned 646,867 shares of the company’s stock, valued at approximately C$14,159,918.63. The trade was a 2.16% increase in their position.

IAMGOLD Stock Performance

Shares of IMG opened at C$20.69 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 15.02. The stock has a market capitalization of C$11.96 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of -0.28 and a beta of 2.04. The firm’s fifty day simple moving average is C$24.54 and its two-hundred day simple moving average is C$25.15. IAMGOLD Co. has a 12 month low of C$9.26 and a 12 month high of C$34.09.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on IMG. TD Securities upped their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. BMO Capital Markets upped their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Bank of America increased their price objective on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th. Finally, National Bank Financial increased their price objective on shares of IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, 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.