IAMGOLD (TSE:IMG) Releases Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) announced its quarterly earnings data on Thursday. The mining company reported C$0.60 earnings per share (EPS) for the quarter, FiscalAI reports. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%.The firm had revenue of C$1.22 billion during the quarter.

IAMGOLD Stock Performance

TSE:IMG traded up C$3.08 during midday trading on Friday, hitting C$25.56. The company’s stock had a trading volume of 4,035,333 shares, compared to its average volume of 1,970,114. The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19. IAMGOLD has a fifty-two week low of C$9.80 and a fifty-two week high of C$34.09. The firm’s 50 day moving average is C$22.15 and its 200-day moving average is C$25.03. The firm has a market cap of C$14.77 billion, a P/E ratio of 14.95, a P/E/G ratio of -0.28 and a beta of 2.15.

Analyst Ratings Changes

IMG has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$32.07.

Insider Buying and Selling

In other news, Director Daniel Racine acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of C$26.28 per share, with a total value of C$131,400.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at C$131,400. This trade represents a ∞ increase in their ownership of the stock. Also, insider Ankit Shah acquired 9,657 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost 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 in the company, valued at approximately C$251,371.71. This trade represents a ∞ increase in their ownership of the stock. Insiders acquired a total of 33,023 shares of company stock valued at $782,657 over the last 90 days. Insiders own 0.10% of the company’s stock.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.