IAMGOLD (TSE:IMG) Director Renaud Adams Acquires 13,700 Shares

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) Director Renaud Adams purchased 13,700 shares of IAMGOLD stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of C$21.89 per share, with a total value of C$299,893.00. Following the acquisition, the director owned 646,867 shares in the company, valued at approximately C$14,159,918.63. This represents a 2.16% increase in their position.

IAMGOLD Stock Up 1.3%

Shares of TSE:IMG traded up C$0.27 during trading hours on Monday, hitting C$21.72. The company’s stock had a trading volume of 1,841,176 shares, compared to its average volume of 2,103,499. IAMGOLD Co. has a 52 week low of C$9.26 and a 52 week high of C$34.09. 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 company has a market capitalization of C$12.55 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of -0.28 and a beta of 2.04. The firm’s fifty day moving average price is C$24.67 and its 200 day moving average price is C$25.12.

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

Analysts Set New Price Targets

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