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 the stock in a transaction on Friday, June 5th. The shares were purchased at an average price of C$21.43 per share, with a total value of C$99,992.38. Following the acquisition, the insider directly owned 14,323 shares in the company, valued at C$306,941.89. This represents a 48.32% increase in their ownership of the stock.

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

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

IAMGOLD Stock Up 1.4%

Shares of IAMGOLD stock traded up C$0.30 during trading on Monday, hitting C$21.75. 615,954 shares of the stock were exchanged, compared to its average volume of 2,092,038. 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’s 50-day moving average price is C$24.71 and its 200 day moving average price is C$25.10. The stock has a market cap of C$12.57 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of -0.28 and a beta of 2.04. IAMGOLD Co. has a 12-month low of C$9.26 and a 12-month high of C$34.09.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IMG shares. BMO Capital Markets increased their price objective on IAMGOLD from C$27.00 to C$32.00 in a report on Wednesday, April 22nd. Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. National Bank Financial upped their target price on shares of IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, April 17th. TD Securities raised their price target on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Bank of America boosted their price target on IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, IAMGOLD 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.