Iamgold Corporation $IAG is Winmill & CO. Inc.’s 6th Largest Position

Winmill & CO. Inc. lowered its position in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,190,000 shares of the mining company’s stock after selling 56,000 shares during the period. Iamgold makes up about 5.2% of Winmill & CO. Inc.’s investment portfolio, making the stock its 6th biggest position. Winmill & CO. Inc.’s holdings in Iamgold were worth $19,623,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IAG. Mariner LLC boosted its position in Iamgold by 0.6% during the fourth quarter. Mariner LLC now owns 110,033 shares of the mining company’s stock worth $1,814,000 after purchasing an additional 615 shares in the last quarter. Entropy Technologies LP increased its position in shares of Iamgold by 37.6% in the fourth quarter. Entropy Technologies LP now owns 259,453 shares of the mining company’s stock valued at $4,278,000 after buying an additional 70,902 shares in the last quarter. Eschler Asset Management LLP acquired a new position in shares of Iamgold during the 4th quarter worth $1,397,000. Marshall Wace LLP acquired a new position in shares of Iamgold during the 4th quarter worth $13,183,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Iamgold by 342.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,741,354 shares of the mining company’s stock worth $45,333,000 after buying an additional 2,122,442 shares in the last quarter. 47.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IAG shares. Zacks Research cut shares of Iamgold from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised shares of Iamgold from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. TD Securities reiterated a “buy” rating on shares of Iamgold in a research report on Thursday, February 19th. Weiss Ratings cut shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Finally, Scotiabank lifted their price objective on Iamgold to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

Iamgold Stock Down 0.3%

IAG opened at $16.60 on Monday. The firm has a market cap of $9.60 billion, a P/E ratio of 9.65, a PEG ratio of 0.80 and a beta of 1.25. The business’s fifty day simple moving average is $17.67 and its 200 day simple moving average is $18.31. Iamgold Corporation has a 52 week low of $6.69 and a 52 week high of $24.87. The company has a quick ratio of 1.21, a current ratio of 1.89 and a debt-to-equity ratio of 0.12.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its earnings results on Tuesday, May 5th. The mining company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.14. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $955.17 million. Iamgold had a net margin of 29.49% and a return on equity of 26.65%. As a group, equities research analysts anticipate that Iamgold Corporation will post 2.27 EPS for the current fiscal year.

About Iamgold

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.