IAMGOLD Co. (NYSE:IAG) Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its holdings in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,233,874 shares of the mining company’s stock after buying an additional 216,751 shares during the quarter. IAMGOLD accounts for 3.9% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 7th largest holding. Donald Smith & CO. Inc. owned about 0.05% of IAMGOLD worth $161,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RCF Management L.L.C. purchased a new position in shares of IAMGOLD in the fourth quarter worth about $128,174,000. FMR LLC grew its stake in IAMGOLD by 107.9% in the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after purchasing an additional 4,577,599 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of IAMGOLD by 58.8% during the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock valued at $52,735,000 after purchasing an additional 3,732,315 shares during the last quarter. American Century Companies Inc. increased its stake in IAMGOLD by 25.9% during the 4th quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock valued at $52,499,000 after purchasing an additional 2,092,803 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock worth $26,452,000 after purchasing an additional 1,795,869 shares during the last quarter. Institutional investors own 47.08% of the company’s stock.

Analysts Set New Price Targets

IAG has been the topic of several recent research reports. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. CIBC reissued an “outperform” rating on shares of IAMGOLD in a research note on Thursday, March 20th. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, IAMGOLD has an average rating of “Moderate Buy” and an average price target of $6.90.

IAMGOLD Stock Up 2.5 %

IAG stock opened at $6.48 on Thursday. The firm has a market capitalization of $3.71 billion, a PE ratio of 4.47 and a beta of 1.63. 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 company’s 50 day simple moving average is $6.03 and its 200-day simple moving average is $5.61. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $6.69.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $498.68 million. Equities analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

IAMGOLD Company 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.