Key Points
- IAMGOLD director Daniel Racine bought 5,000 shares on May 11 at an average price of C$26.28, totaling C$131,400, increasing his holdings to 5,000 shares.
- The stock last traded at C$25.97, near its 50-day average of C$26.23 and above its 200-day average of C$24.24, with a 52-week range of C$8.46 to C$34.09.
- Analysts remain constructive on IAMGOLD, with four Buy ratings and one Hold, and an average target price of C$32.07; the company also recently reported quarterly EPS of C$0.93 on revenue of C$1.43 billion.
IAMGOLD Co. (TSE:IMG - Get Free Report) (NYSE:IAG) Director Daniel Racine bought 5,000 shares of IAMGOLD stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of C$26.28 per share, with a total value of C$131,400.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately C$131,400. The trade was a ∞ increase in their position.
IAMGOLD Price Performance
IMG stock opened at C$25.97 on Tuesday. The business has a 50 day simple moving average of C$26.23 and a 200-day simple moving average of C$24.24. IAMGOLD Co. has a twelve month low of C$8.46 and a twelve month high of C$34.09. The company has a market capitalization of C$15.01 billion, a P/E ratio of 15.19, a PEG ratio of -0.28 and a beta of 2.11. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 15.02.
IAMGOLD (TSE:IMG - Get Free Report) (NYSE:IAG) last issued its quarterly earnings results on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. IAMGOLD had a net margin of 29.53% and a return on equity of 26.05%. The firm had revenue of C$1.43 billion during the quarter. As a group, equities analysts anticipate that IAMGOLD Co. will post 1.1121076 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on IMG shares. Bank of America lifted their price objective on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. TD Securities raised their target price on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a "buy" rating in a report on Thursday, February 19th. National Bank Financial lifted their target price on IAMGOLD from C$36.00 to C$39.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. Finally, BMO Capital Markets increased their target price on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$32.07.
View Our Latest Stock Report on IMG
About IAMGOLD
(
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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.
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