IAMGOLD (TSE:IMG) Insider Ankit Shah Buys 4,666 Shares

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) insider Ankit Shah bought 4,666 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of C$21.43 per share, for a total transaction of C$99,992.38. Following the completion of the transaction, the insider directly owned 14,323 shares in the company, valued at approximately C$306,941.89. This represents a 48.32% increase in their position.

Ankit Shah also recently made the following trade(s):

• On Tuesday, May 12th, Ankit Shah purchased 9,657 shares of IAMGOLD stock. The stock was bought at an average price of C$26.03 per share, with a total value of C$251,371.71.

IAMGOLD Price Performance

Shares of TSE IMG traded up C$0.30 during midday trading on Monday, hitting C$21.75. The company had a trading volume of 615,954 shares, compared to its average volume of 2,092,038. The firm has a market capitalization of C$12.57 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of -0.28 and a beta of 2.04. IAMGOLD Co. has a twelve month low of C$9.26 and a twelve month high of C$34.09. The business has a 50-day simple moving average of C$24.71 and a two-hundred day simple moving average of C$25.10. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02.

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

Analyst Ratings Changes

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