Insider Buying: IAMGOLD (TSE:IMG) Insider Purchases 9,657 Shares of Stock

IAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) insider Ankit Shah acquired 9,657 shares of IAMGOLD stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of C$26.03 per share, with a total value of C$251,371.71. Following the completion of the transaction, the insider directly owned 9,657 shares of the company’s stock, valued at C$251,371.71. This trade represents a ∞ increase in their position.

IAMGOLD Price Performance

TSE IMG traded up C$0.15 during mid-day trading on Tuesday, hitting C$26.12. The stock had a trading volume of 1,001,368 shares, compared to its average volume of 2,225,857. The firm’s 50 day moving average is C$26.08 and its 200 day moving average is C$24.31. The stock has a market capitalization of C$15.10 billion, a price-to-earnings ratio of 15.27, a PEG ratio of -0.28 and a beta of 2.11. 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 Co. has a twelve month low of C$8.46 and a twelve month high of C$34.09.

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IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. The company had revenue of C$1.43 billion during the quarter. IAMGOLD had a net margin of 29.53% and a return on equity of 26.05%. Equities research analysts forecast that IAMGOLD Co. will post 1.1121076 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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About IAMGOLD

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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.

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