Rep. Brian Babin Sells Iamgold Corporation (NYSE:IAG) Stock

Representative Brian Babin (Republican-Texas) recently sold shares of Iamgold Corporation (NYSE:IAG). In a filing disclosed on May 18th, the Representative disclosed that they had sold between $1,001 and $15,000 in Iamgold stock on May 5th. The trade occurred in the Representative’s “UBS SEP IRA” account.

Representative Brian Babin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Westshore Terminals Investment (OTCMKTS:WTSHF) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Compass Diversified (NYSE:CODI) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of FTAI Infrastructure (NASDAQ:FIP) on 5/5/2026.
• Sold $15,001 – $50,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Energy Transfer (NYSE:ET) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of South32 (OTCMKTS:SOUHY) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Range Resources (NYSE:RRC) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Enbridge (NYSE:ENB) on 5/5/2026.
• Sold $15,001 – $50,000 in shares of Huntington Ingalls Industries (NYSE:HII) on 5/5/2026.
• Sold $1,001 – $15,000 in shares of Woodside Energy Group (NYSE:WDS) on 5/5/2026.

Iamgold Stock Performance

NYSE IAG opened at $16.14 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $18.48 and its two-hundred day moving average price is $17.84. Iamgold Corporation has a 1 year low of $6.40 and a 1 year high of $24.87. The firm has a market capitalization of $9.33 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Tuesday, May 5th. The mining company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.14. Iamgold had a net margin of 29.49% and a return on equity of 26.65%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $955.17 million. As a group, research analysts anticipate that Iamgold Corporation will post 2.24 EPS for the current year.

Hedge Funds Weigh In On Iamgold

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rathbones Group PLC increased its stake in shares of Iamgold by 1,037,042.8% in the fourth quarter. Rathbones Group PLC now owns 418,901,982 shares of the mining company’s stock valued at $6,907,694,000 after buying an additional 418,861,592 shares during the period. Van ECK Associates Corp increased its holdings in Iamgold by 35.7% in the 3rd quarter. Van ECK Associates Corp now owns 51,992,067 shares of the mining company’s stock worth $672,253,000 after acquiring an additional 13,691,148 shares during the last quarter. FIL Ltd increased its holdings in Iamgold by 124.0% in the 4th quarter. FIL Ltd now owns 36,367,149 shares of the mining company’s stock worth $600,135,000 after acquiring an additional 20,134,496 shares during the last quarter. Vanguard Group Inc. increased its holdings in Iamgold by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 23,836,156 shares of the mining company’s stock worth $393,328,000 after acquiring an additional 1,068,465 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Iamgold by 16.4% in the 3rd quarter. Bank of America Corp DE now owns 11,194,505 shares of the mining company’s stock worth $144,745,000 after acquiring an additional 1,581,064 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company’s stock.

Insider Buying and Selling at Iamgold

In other news, Director David Stewart Smith sold 31,000 shares of Iamgold stock in a transaction on Friday, February 27th. The stock was sold at an average price of $32.87, for a total value of $1,018,970.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $657,400. The trade was a 60.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Iamgold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Iamgold in a research note on Tuesday, April 21st. Zacks Research downgraded Iamgold from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Scotiabank lifted their target price on Iamgold to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Iamgold in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.75.

About Representative Babin

Brian Babin (Republican Party) is a member of the U.S. House, representing Texas’ 36th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Babin (Republican Party) is running for re-election to the U.S. House to represent Texas’ 36th Congressional District. He declared candidacy for the 2026 election.

Babin is a member of the House Transportation and Infrastructure Committee and the House Committee on Science, Space, and Technology.

Babin served in the United States Air Force as a captain from 1975 to 1979. While serving, he earned his B.S. in biology from Lamar University in 1973. He then enrolled in dental school at the University of Texas and graduated with his D.D.S. in 1976. He has been engaged in general dental practice since 1979.

Iamgold Company Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.