Insider Selling: Iamgold (TSE:IMG) Insider Sells 61,000 Shares of Stock

Iamgold (TSE:IMG) (NYSE:IAG) insider Benjamin Richard Little sold 61,000 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of C$7.87, for a total value of C$480,070.00.

Benjamin Richard Little also recently made the following trade(s):

  • On Thursday, March 1st, Benjamin Richard Little sold 13,476 shares of Iamgold stock. The shares were sold at an average price of C$6.61, for a total value of C$89,076.36.

Iamgold opened at C$7.75 on Friday, Marketbeat.com reports. Iamgold has a 52-week low of C$5.64 and a 52-week high of C$8.87.

Iamgold (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Wednesday, February 21st. The mining company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The company had revenue of C$369.67 million for the quarter. Iamgold had a negative return on equity of 2.54% and a negative net margin of 5.81%.

IMG has been the subject of several research reports. National Bank Financial lifted their price target on Iamgold from C$10.25 to C$11.00 in a research note on Friday, January 26th. Canaccord Genuity lifted their price target on Iamgold from C$10.50 to C$11.50 in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$8.53.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

Insider Buying and Selling by Quarter for Iamgold (TSE:IMG)

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