Daniel Racine Acquires 5,000 Shares of IAMGOLD (TSE:IMG) Stock

IAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) Director Daniel Racine acquired 5,000 shares of IAMGOLD stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of C$26.28 per share, with a total value of C$131,400.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at C$131,400. This represents a ∞ increase in their position.

IAMGOLD Stock Performance

IAMGOLD stock opened at C$26.12 on Wednesday. IAMGOLD Co. has a 1-year low of C$8.46 and a 1-year high of C$34.09. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 15.02. The firm has a market capitalization of C$15.10 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of -0.28 and a beta of 2.11. The firm’s 50 day simple moving average is C$26.08 and its 200 day simple moving average is C$24.31.

Get IAMGOLD alerts:

IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last announced its quarterly earnings results on Tuesday, May 5th. The mining company reported C$0.93 EPS for the quarter. The firm 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%. As a group, analysts expect that IAMGOLD Co. will post 1.1121076 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IMG has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. National Bank Financial lifted their price target 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. TD Securities boosted their price objective on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Stifel Nicolaus upped their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Finally, Bank of America raised their target price on shares of IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, IAMGOLD currently has an average rating of “Moderate Buy” and an average target price of C$32.07.

Get Our Latest Stock Report on IAMGOLD

About IAMGOLD

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than IAMGOLD
• Navy Catalyst Ignites Odysight’s Growth Engine
• AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
• Axon Surged After Earnings and Is Still Down Over 50% From Highs
• The Event That Could Redefine Apple’s Summer Rally

Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.