Maven Securities LTD purchased a new stake in shares of Iamgold Corp (NYSE:IAG) (TSE:IMG) during the 4th quarter, Holdings Channel reports. The fund purchased 10,342 shares of the mining company’s stock, valued at approximately $37,000.
Several other institutional investors also recently made changes to their positions in the stock. Stamos Capital Partners L.P. acquired a new position in Iamgold during the fourth quarter worth $54,000. Geode Capital Management LLC raised its holdings in Iamgold by 99.9% during the fourth quarter. Geode Capital Management LLC now owns 55,168 shares of the mining company’s stock worth $202,000 after buying an additional 27,566 shares during the last quarter. Sun Valley Gold LLC raised its holdings in Iamgold by 168.4% during the fourth quarter. Sun Valley Gold LLC now owns 4,633,046 shares of the mining company’s stock worth $17,020,000 after buying an additional 2,906,941 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Iamgold during the fourth quarter worth $56,000. Finally, CIBC Asset Management Inc raised its holdings in Iamgold by 3.2% during the fourth quarter. CIBC Asset Management Inc now owns 255,886 shares of the mining company’s stock worth $939,000 after buying an additional 7,896 shares during the last quarter. 58.16% of the stock is currently owned by institutional investors.
NYSE IAG opened at $3.55 on Friday. Iamgold Corp has a 1 year low of $2.75 and a 1 year high of $6.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.57. The firm has a market capitalization of $1.62 billion, a PE ratio of 59.08, a PEG ratio of 21.67 and a beta of -0.35.
Iamgold (NYSE:IAG) (TSE:IMG) last posted its earnings results on Wednesday, February 20th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Iamgold had a positive return on equity of 1.07% and a negative net margin of 2.54%. The firm had revenue of $274.30 million during the quarter, compared to the consensus estimate of $273.84 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The business’s revenue was down 5.8% compared to the same quarter last year. Analysts forecast that Iamgold Corp will post 0.06 earnings per share for the current fiscal year.
Several research firms have weighed in on IAG. BMO Capital Markets restated a “buy” rating on shares of Iamgold in a report on Friday, February 15th. Canaccord Genuity restated a “buy” rating on shares of Iamgold in a report on Friday, February 15th. ValuEngine upgraded shares of Iamgold from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Desjardins upgraded shares of Iamgold from a “hold” rating to a “buy” rating in a report on Monday, January 28th. Finally, Royal Bank of Canada lowered their price objective on shares of Iamgold from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, January 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $5.19.
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IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.
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