QS Investors LLC lifted its holdings in IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 1,465.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 661,335 shares of the mining company’s stock after buying an additional 619,100 shares during the quarter. QS Investors LLC owned about 0.14% of IAMGOLD worth $3,856,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in IAG. James Investment Research Inc. bought a new position in shares of IAMGOLD in the fourth quarter valued at about $105,000. Sigma Planning Corp bought a new stake in IAMGOLD during the 3rd quarter worth about $130,000. Fox Run Management L.L.C. raised its holdings in IAMGOLD by 121.2% during the 4th quarter. Fox Run Management L.L.C. now owns 26,325 shares of the mining company’s stock worth $153,000 after purchasing an additional 14,425 shares during the last quarter. U S Global Investors Inc. raised its holdings in IAMGOLD by 113.9% during the 3rd quarter. U S Global Investors Inc. now owns 28,955 shares of the mining company’s stock worth $177,000 after purchasing an additional 15,419 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in IAMGOLD during the 3rd quarter worth about $177,000. 57.38% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on IAG. Canaccord Genuity raised IAMGOLD from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. CIBC set a $7.50 price objective on IAMGOLD and gave the stock an “outperform” rating in a report on Wednesday, January 17th. BMO Capital Markets cut IAMGOLD to a “hold” rating in a report on Friday, February 16th. Zacks Investment Research cut IAMGOLD from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Desjardins reissued a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.07.
IAMGOLD Corp (IAG) opened at $4.90 on Friday. The stock has a market capitalization of $2,282.80, a PE ratio of 81.67, a PEG ratio of 15.71 and a beta of -0.17. IAMGOLD Corp has a 12-month low of $3.55 and a 12-month high of $7.25. The company has a current ratio of 5.02, a quick ratio of 4.16 and a debt-to-equity ratio of 0.14.
IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Wednesday, February 21st. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). The company had revenue of $291.10 million for the quarter, compared to analyst estimates of $280.04 million. IAMGOLD had a return on equity of 1.08% and a net margin of 45.81%. IAMGOLD’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. equities research analysts predict that IAMGOLD Corp will post 0.1 earnings per share for the current fiscal year.
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.
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