Semanteon Capital Management LP Acquires 21,675 Shares of IAMGOLD Co. (NYSE:IAG)

Semanteon Capital Management LP raised its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,767 shares of the mining company’s stock after purchasing an additional 21,675 shares during the quarter. Semanteon Capital Management LP’s holdings in IAMGOLD were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. raised its holdings in shares of IAMGOLD by 4.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock valued at $473,000 after acquiring an additional 4,013 shares in the last quarter. Intact Investment Management Inc. raised its holdings in shares of IAMGOLD by 158.4% in the fourth quarter. Intact Investment Management Inc. now owns 2,733,450 shares of the mining company’s stock valued at $14,127,000 after acquiring an additional 1,675,440 shares in the last quarter. Swiss National Bank raised its holdings in shares of IAMGOLD by 0.6% in the fourth quarter. Swiss National Bank now owns 1,127,300 shares of the mining company’s stock valued at $5,824,000 after acquiring an additional 6,800 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of IAMGOLD in the fourth quarter valued at about $103,000. Finally, Raymond James Financial Inc. bought a new stake in shares of IAMGOLD in the fourth quarter valued at about $107,000. 47.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on IAG. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, CIBC boosted their target price on shares of IAMGOLD from $7.60 to $8.40 and gave the stock an “outperformer” rating in a report on Thursday. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, IAMGOLD presently has an average rating of “Moderate Buy” and a consensus target price of $6.90.

IAMGOLD Price Performance

Shares of IAG stock opened at $6.05 on Friday. IAMGOLD Co. has a fifty-two week low of $2.94 and a fifty-two week high of $6.69. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 4.17 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The stock’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $5.54.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million for the quarter, compared to analysts’ expectations of $498.68 million. As a group, equities analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

IAMGOLD 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.