IAMGOLD Co. (TSE:IMG - Get Free Report) (NYSE:IAG) insider Ankit Shah bought 4,666 shares of the business's stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of C$21.43 per share, for a total transaction of C$99,992.38. Following 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 acquired at an average cost of C$26.03 per share, with a total value of C$251,371.71.
IAMGOLD Stock Performance
Shares of IMG opened at C$21.72 on Tuesday. The company has a market capitalization of C$12.55 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of -0.28 and a beta of 2.04. IAMGOLD Co. has a 52-week low of C$9.26 and a 52-week high of C$34.09. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02. The stock has a 50 day moving average price of C$24.67 and a 200 day moving average price of C$25.12.
IAMGOLD (TSE:IMG - Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. The company 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%. Research analysts predict that IAMGOLD Co. will post 1.1121076 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Bank of America raised their price objective on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. TD Securities lifted their target price on IAMGOLD from C$34.00 to C$36.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. BMO Capital Markets boosted their target price on IAMGOLD from C$27.00 to C$32.00 in a report on Wednesday, April 22nd. Finally, National Bank Financial raised their price target on IAMGOLD from C$36.00 to C$39.00 and gave the stock an "outperform" rating in a research note on Friday, April 17th. Four research 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$32.07.
Check Out Our Latest Research Report 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.
Further Reading
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