Measured Wealth Private Client Group LLC Acquires 3,396 Shares of Iamgold Corporation $IAG

Measured Wealth Private Client Group LLC lifted its stake in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,293 shares of the mining company’s stock after buying an additional 3,396 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Iamgold were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Iamgold by 272.9% in the second quarter. Parallel Advisors LLC now owns 3,584 shares of the mining company’s stock worth $26,000 after purchasing an additional 2,623 shares during the period. Hsbc Holdings PLC boosted its position in shares of Iamgold by 17.8% during the 1st quarter. Hsbc Holdings PLC now owns 19,973 shares of the mining company’s stock worth $125,000 after purchasing an additional 3,020 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Iamgold by 10.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,901 shares of the mining company’s stock valued at $271,000 after buying an additional 3,562 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in shares of Iamgold by 2.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 184,612 shares of the mining company’s stock valued at $1,357,000 after buying an additional 5,209 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Iamgold in the 1st quarter valued at about $35,000. 47.08% of the stock is owned by institutional investors.

Iamgold Price Performance

Shares of NYSE IAG opened at $15.29 on Friday. Iamgold Corporation has a twelve month low of $4.98 and a twelve month high of $15.39. The stock’s 50 day moving average price is $12.90 and its 200-day moving average price is $9.58. The company has a market capitalization of $8.80 billion, a PE ratio of 11.00, a PEG ratio of 0.39 and a beta of 1.22. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.31.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, November 4th. The mining company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. Iamgold had a return on equity of 8.54% and a net margin of 40.61%.The company had revenue of $714.61 million during the quarter, compared to the consensus estimate of $759.45 million. On average, equities analysts anticipate that Iamgold Corporation will post 0.67 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on IAG shares. Wall Street Zen upgraded Iamgold from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. CIBC upped their target price on Iamgold from $10.40 to $19.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Stifel Canada upgraded Iamgold from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Zacks Research downgraded shares of Iamgold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Raymond James Financial upped their price objective on shares of Iamgold from $9.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.25.

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.