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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) insider Ankit Shah bought 4,666 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of C$21.43 per share, for a total transaction of C$99,992.38. Following the purchase, the insider owned 14,323 shares in the company, valued at 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 bought 9,657 shares of IAMGOLD stock. The stock was purchased at an average cost of C$26.03 per share, with a total value of C$251,371.71.

IAMGOLD Stock Up 1.3%

Shares of TSE:IMG opened at C$21.72 on Tuesday. The firm has a market capitalization of C$12.55 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of -0.28 and a beta of 2.04. IAMGOLD Co. has a 1 year low of C$9.26 and a 1 year high of C$34.09. The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19. The firm’s 50-day moving average is C$24.67 and its two-hundred day moving average is C$25.12.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. The business 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%. Analysts predict that IAMGOLD Co. will post 1.1121076 EPS for the current year.

Analysts Set New Price Targets

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