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

IAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) Director Renaud Adams acquired 13,700 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was purchased at an average cost of C$21.89 per share, with a total value of C$299,893.00. Following the transaction, the director 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 ownership of the stock.

IAMGOLD Stock Performance

TSE:IMG opened at C$21.53 on Wednesday. The firm has a 50 day simple moving average of C$24.61 and a 200-day simple moving average of C$25.13. The company has a debt-to-equity ratio of 15.02, a current ratio of 1.89 and a quick ratio of 1.19. The firm has a market cap of C$12.44 billion, a PE ratio of 12.59, a P/E/G ratio of -0.28 and a beta of 2.04. IAMGOLD Co. has a 1-year low of C$9.26 and a 1-year high of C$34.09.

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IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, May 5th. The mining company reported C$0.93 earnings per share for the quarter. The business 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%. On average, equities analysts expect that IAMGOLD Co. will post 1.1121076 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IMG shares. TD Securities upped 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 report on Thursday, February 19th. Bank of America upped their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. BMO Capital Markets upped their price target on shares of IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Finally, National Bank Financial upped 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 report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, IAMGOLD has a consensus rating of “Moderate Buy” and a consensus target price 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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