Montrusco Bolton Investments Inc. Buys Shares of 780,109 Iamgold Corporation (IAG)

Montrusco Bolton Investments Inc. bought a new stake in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 780,109 shares of the mining company’s stock, valued at approximately $4,759,000. Montrusco Bolton Investments Inc. owned approximately 0.17% of Iamgold Corporation as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in Iamgold Corporation by 102.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock valued at $110,000 after buying an additional 10,773 shares in the last quarter. Sprott Inc. bought a new position in Iamgold Corporation during the second quarter valued at about $114,000. Quantbot Technologies LP bought a new position in Iamgold Corporation during the second quarter valued at about $131,000. Comerica Bank boosted its stake in Iamgold Corporation by 1.9% during the first quarter. Comerica Bank now owns 25,820 shares of the mining company’s stock valued at $104,000 after buying an additional 485 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Iamgold Corporation during the second quarter valued at about $137,000. 56.35% of the stock is owned by institutional investors and hedge funds.

IAG has been the subject of several research reports. Raymond James Financial, Inc. raised their target price on Iamgold Corporation from $6.00 to $7.25 and gave the company a “market perform” rating in a research note on Thursday, September 7th. Canaccord Genuity cut Iamgold Corporation from a “buy” rating to a “hold” rating and set a $8.07 target price for the company. in a research note on Friday, September 29th. Zacks Investment Research raised Iamgold Corporation from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Monday, July 17th. Royal Bank Of Canada decreased their target price on Iamgold Corporation from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $8.00 target price on shares of Iamgold Corporation in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.17.

Shares of Iamgold Corporation (NYSE IAG) traded down 0.52% during midday trading on Friday, hitting $5.74. The stock had a trading volume of 3,478,318 shares. Iamgold Corporation has a one year low of $3.16 and a one year high of $7.25. The firm’s 50-day moving average price is $6.36 and its 200-day moving average price is $5.26. The firm has a market capitalization of $2.67 billion, a PE ratio of 5.23 and a beta of -0.48.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The business had revenue of $274.50 million during the quarter, compared to analysts’ expectations of $267.07 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities analysts predict that Iamgold Corporation will post $0.06 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Montrusco Bolton Investments Inc. Buys Shares of 780,109 Iamgold Corporation (IAG)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at htt

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in Iamgold Corporation by 102.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock valued at $110,000 after buying an additional 10,773 shares in the last quarter. Sprott Inc. bought a new position in Iamgold Corporation during the second quarter valued at about $114,000. Quantbot Technologies LP bought a new position in Iamgold Corporation during the second quarter valued at about $131,000. Comerica Bank boosted its stake in Iamgold Corporation by 1.9% during the first quarter. Comerica Bank now owns 25,820 shares of the mining company’s stock valued at $104,000 after buying an additional 485 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Iamgold Corporation during the second quarter valued at about $137,000. 56.35% of the stock is owned by institutional investors and hedge funds.

IAG has been the subject of several research reports. Raymond James Financial, Inc. raised their target price on Iamgold Corporation from $6.00 to $7.25 and gave the company a “market perform” rating in a research note on Thursday, September 7th. Canaccord Genuity cut Iamgold Corporation from a “buy” rating to a “hold” rating and set a $8.07 target price for the company. in a research note on Friday, September 29th. Zacks Investment Research raised Iamgold Corporation from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Monday, July 17th. Royal Bank Of Canada decreased their target price on Iamgold Corporation from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $8.00 target price on shares of Iamgold Corporation in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.17.

Shares of Iamgold Corporation (NYSE IAG) traded down 0.52% during midday trading on Friday, hitting $5.74. The stock had a trading volume of 3,478,318 shares. Iamgold Corporation has a one year low of $3.16 and a one year high of $7.25. The firm’s 50-day moving average price is $6.36 and its 200-day moving average price is $5.26. The firm has a market capitalization of $2.67 billion, a PE ratio of 5.23 and a beta of -0.48.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The business had revenue of $274.50 million during the quarter, compared to analysts’ expectations of $267.07 million. During the same period in the previous year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities analysts predict that Iamgold Corporation will post $0.06 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Montrusco Bolton Investments Inc. Buys Shares of 780,109 Iamgold Corporation (IAG)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/21/montrusco-bolton-investments-inc-buys-shares-of-780109-iamgold-corporation-iag.html.

Iamgold Corporation Profile

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

Institutional Ownership by Quarter for Iamgold Corporation (NYSE:IAG)

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