Ankit Shah Acquires 4,666 Shares of IAMGOLD (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) insider Ankit Shah purchased 4,666 shares of IAMGOLD stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of C$21.43 per share, for a total transaction of C$99,992.38. Following the completion of the acquisition, the insider owned 14,323 shares of the company’s stock, valued at approximately C$306,941.89. This trade represents a 48.32% increase in their position.

Ankit Shah also recently made the following trade(s):

• On Tuesday, May 12th, Ankit Shah purchased 9,657 shares of IAMGOLD stock. The stock was acquired at an average price of C$26.03 per share, for a total transaction of C$251,371.71.

IAMGOLD Trading Down 0.9%

Shares of TSE IMG opened at C$21.53 on Wednesday. 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 business’s 50 day moving average price is C$24.61 and its 200-day moving average price is C$25.13. IAMGOLD Co. has a fifty-two week low of C$9.26 and a fifty-two week high of C$34.09. The company has a market cap of C$12.44 billion, a price-to-earnings ratio of 12.59, a PEG 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 earnings per share 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 for the quarter. On average, sell-side analysts expect that IAMGOLD Co. will post 1.1121076 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. 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. National Bank Financial increased their price objective 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. Stifel Nicolaus increased their price objective on IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. BMO Capital Markets increased their price objective on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Finally, TD Securities increased their price objective 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. 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, the stock has a consensus rating of “Moderate Buy” and a consensus 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.