Key Points
- IAMGOLD insider buying: Insider Ankit Shah purchased 9,657 shares of IAMGOLD at an average price of C$26.03, totaling C$251,371.71. The trade materially increased his ownership stake in the company.
- Stock and valuation snapshot: IAMGOLD shares were up 0.6% to C$26.12, near their 50-day average of C$26.08 and above the 200-day average of C$24.31. The company has a market cap of C$15.10 billion and a 52-week range of C$8.46 to C$34.09.
- Analyst sentiment remains positive: Several firms recently raised price targets, with the consensus view at Moderate Buy and an average target price of C$32.07. Recent estimates also point to full-year EPS of about 1.11.
IAMGOLD Co. (TSE:IMG - Get Free Report) (NYSE:IAG) insider Ankit Shah bought 9,657 shares of the stock in a transaction dated Tuesday, May 12th. The stock was bought at an average price of C$26.03 per share, for a total transaction of C$251,371.71. Following the purchase, the insider directly owned 9,657 shares of the company's stock, valued at approximately C$251,371.71. The trade was a ∞ increase in their ownership of the stock.
IAMGOLD Stock Up 0.6%
Shares of IMG opened at C$26.12 on Wednesday. The company has a market capitalization of C$15.10 billion, a price-to-earnings ratio of 15.27, a PEG ratio of -0.28 and a beta of 2.11. The stock's 50-day moving average price is C$26.08 and its 200-day moving average price is C$24.31. 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 Co. has a 52 week low of C$8.46 and a 52 week high of C$34.09.
IAMGOLD (TSE:IMG - Get Free Report) (NYSE:IAG) last released its earnings results on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. The business had revenue of C$1.43 billion for the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%. On average, sell-side analysts predict that IAMGOLD Co. will post 1.1121076 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently commented on IMG. Bank of America increased their price target on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. TD Securities increased their price target on 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 increased their price target on IAMGOLD from C$36.00 to C$39.00 and gave the company an "outperform" rating in a report on Friday, April 17th. BMO Capital Markets increased their price target on IAMGOLD from C$27.00 to C$32.00 in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus increased their price target on IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$32.07.
Check Out Our Latest Stock Analysis on IMG
About IAMGOLD
(
Get Free Report)
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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