Daniel Racine Buys 5,000 Shares of IAMGOLD (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Daniel Racine purchased 5,000 shares of IAMGOLD stock in a transaction on Monday, May 11th. The stock was purchased at an average price of C$26.28 per share, for a total transaction of C$131,400.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately C$131,400. This represents a ∞ increase in their ownership of the stock.

IAMGOLD Price Performance

IAMGOLD stock traded up C$0.38 during trading hours on Monday, hitting C$25.97. 1,483,656 shares of the stock were exchanged, compared to its average volume of 2,239,462. The company has a debt-to-equity ratio of 15.02, a quick ratio of 1.19 and a current ratio of 1.89. The stock has a market capitalization of C$15.01 billion, a P/E ratio of 15.19, a P/E/G ratio of -0.28 and a beta of 2.11. IAMGOLD Co. has a 12 month low of C$8.46 and a 12 month high of C$34.09. The business’s 50-day moving average is C$26.23 and its two-hundred day moving average is C$24.24.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data 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 net margin of 29.53% and a return on equity of 26.05%. Equities research analysts expect that IAMGOLD Co. will post 1.1121076 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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