IAMGOLD (TSE:IMG) Director Renaud Adams Acquires 13,700 Shares

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams purchased 13,700 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of C$21.89 per share, with a total value of C$299,893.00. Following the completion of the purchase, the director owned 646,867 shares in the company, valued at C$14,159,918.63. This trade represents a 2.16% increase in their position.

IAMGOLD Trading Up 1.3%

Shares of IMG stock traded up C$0.27 during trading hours on Monday, reaching C$21.72. 1,841,176 shares of the stock were exchanged, compared to its average volume of 2,103,499. IAMGOLD Co. has a 12-month low of C$9.26 and a 12-month high of C$34.09. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 15.02. The company’s 50-day moving average price is C$24.67 and its 200-day moving average price is C$25.12. The firm 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 (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Tuesday, May 5th. The mining company reported C$0.93 EPS 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 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. TD Securities lifted their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. BMO Capital Markets lifted their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Bank of America lifted their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday, February 26th. National Bank Financial lifted their price target on shares of IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$32.07.

IAMGOLD Company Profile

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.