IAMGOLD (TSE:IMG) Director Purchases C$131,400.00 in Stock

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Daniel Racine bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of C$26.28 per share, for a total transaction of C$131,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately C$131,400. This trade represents a ? increase in their ownership of the stock.

IAMGOLD Stock Performance

TSE IMG traded up C$0.38 during midday trading on Monday, hitting C$25.97. The company had a trading volume of 1,483,656 shares, compared to its average volume of 2,239,462. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02. The stock has a market cap of C$15.01 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of -0.28 and a beta of 2.11. The firm has a fifty day simple moving average of C$26.23 and a two-hundred day simple moving average of C$24.24. IAMGOLD Co. has a fifty-two week low of C$8.46 and a fifty-two week high of C$34.09.

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

Analysts Set New Price Targets

IMG has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Bank of America raised their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th. TD Securities lifted their target price on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. National Bank Financial lifted their target price on shares of IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets lifted their target price on shares of IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$32.07.

About IAMGOLD

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.