XTX Topco Ltd Purchases 28,229 Shares of IAMGOLD Co. (NYSE:IAG)

XTX Topco Ltd raised its position in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 23.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 146,969 shares of the mining company’s stock after acquiring an additional 28,229 shares during the period. XTX Topco Ltd’s holdings in IAMGOLD were worth $758,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tobam acquired a new stake in shares of IAMGOLD in the fourth quarter valued at approximately $25,000. Blue Trust Inc. increased its stake in IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after buying an additional 5,511 shares during the last quarter. Raab & Moskowitz Asset Management LLC bought a new stake in IAMGOLD during the 4th quarter worth about $56,000. Atria Wealth Solutions Inc. acquired a new position in shares of IAMGOLD during the 4th quarter worth about $68,000. Finally, Choreo LLC acquired a new position in shares of IAMGOLD during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

Wall Street Analyst Weigh In

IAG has been the topic of several analyst reports. Scotiabank upped their target price on IAMGOLD from $6.75 to $7.50 and gave the stock a “sector perform” rating in a report on Monday. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Raymond James reissued a “market perform” rating and issued a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, CIBC reissued an “outperform” rating on shares of IAMGOLD in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, IAMGOLD has an average rating of “Moderate Buy” and an average price target of $7.57.

IAMGOLD Price Performance

Shares of IAG opened at $7.82 on Friday. The company’s 50-day moving average is $6.16 and its 200-day moving average is $5.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The firm has a market capitalization of $4.47 billion, a PE ratio of 5.39 and a beta of 1.52. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $8.38.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. Equities analysts forecast that IAMGOLD Co. will post 0.67 EPS for the current year.

IAMGOLD Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.