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

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

IAMGOLD Stock Performance

Shares of TSE IMG opened at C$21.72 on Tuesday. 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 Co. has a 52 week low of C$9.26 and a 52 week high of C$34.09. The company has a debt-to-equity ratio of 15.02, a quick ratio of 1.19 and a current ratio of 1.89. The stock 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 (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%.The firm had revenue of C$1.43 billion during the quarter. Analysts predict that IAMGOLD Co. will post 1.1121076 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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