RWA Wealth Partners LLC Buys Shares of 21,000 IAMGOLD Co. (NYSE:IAG)

RWA Wealth Partners LLC bought a new stake in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) during the fourth quarter, Holdings Channel.com reports. The firm bought 21,000 shares of the mining company’s stock, valued at approximately $53,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of IAMGOLD during the fourth quarter worth $10,972,000. Euro Pacific Asset Management LLC lifted its holdings in shares of IAMGOLD by 48.1% during the fourth quarter. Euro Pacific Asset Management LLC now owns 2,727,065 shares of the mining company’s stock worth $6,898,000 after purchasing an additional 885,697 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of IAMGOLD during the fourth quarter worth $34,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of IAMGOLD during the fourth quarter worth $26,000. Finally, Vanguard Group Inc. lifted its holdings in shares of IAMGOLD by 2.1% during the third quarter. Vanguard Group Inc. now owns 17,375,017 shares of the mining company’s stock worth $37,356,000 after purchasing an additional 363,051 shares during the period. Institutional investors and hedge funds own 47.08% of the company’s stock.

IAMGOLD Trading Up 2.0 %

IAG opened at $3.79 on Friday. IAMGOLD Co. has a 1-year low of $1.99 and a 1-year high of $3.92. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.88 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.70. The company has a fifty day moving average price of $3.21 and a two-hundred day moving average price of $2.71.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. The firm had revenue of $297.60 million during the quarter. Analysts predict that IAMGOLD Co. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IAG shares. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Scotiabank boosted their target price on shares of IAMGOLD from $3.25 to $3.75 and gave the company a “sector perform” rating in a report on Thursday, April 18th. StockNews.com upgraded shares of IAMGOLD from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets boosted their target price on shares of IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, CIBC boosted their target price on shares of IAMGOLD from $3.00 to $3.10 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, IAMGOLD has a consensus rating of “Hold” and an average target price of $3.55.

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.