National Bank of Canada FI Boosts Holdings in IAMGOLD Co. (NYSE:IAG)

National Bank of Canada FI increased its holdings in IAMGOLD Co. (NYSE:IAGFree Report) (TSE:IMG) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,388,237 shares of the mining company’s stock after purchasing an additional 57,534 shares during the period. National Bank of Canada FI owned approximately 0.29% of IAMGOLD worth $3,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its position in IAMGOLD by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company’s stock valued at $90,519,000 after purchasing an additional 4,358,444 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of IAMGOLD during the fourth quarter valued at about $10,972,000. Van ECK Associates Corp boosted its holdings in shares of IAMGOLD by 4.0% during the third quarter. Van ECK Associates Corp now owns 46,749,294 shares of the mining company’s stock worth $100,513,000 after purchasing an additional 1,779,306 shares during the period. Sprott Inc. grew its stake in shares of IAMGOLD by 888.7% in the third quarter. Sprott Inc. now owns 1,279,400 shares of the mining company’s stock worth $2,751,000 after purchasing an additional 1,150,000 shares during the last quarter. Finally, Euro Pacific Asset Management LLC grew its stake in shares of IAMGOLD by 48.1% in 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 last quarter. Institutional investors own 47.08% of the company’s stock.

Analyst Ratings Changes

IAG has been the subject of several research analyst reports. CIBC increased their price objective on IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. BMO Capital Markets upped their price objective on shares of IAMGOLD from $4.00 to $4.25 and gave the stock an “outperform” rating in a report on Friday, April 5th. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. Scotiabank raised their price objective on shares of IAMGOLD from $3.25 to $3.75 and gave the stock a “sector perform” rating in a report on Thursday, April 18th. Finally, StockNews.com upgraded IAMGOLD from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.55.

Read Our Latest Research Report on IAG

IAMGOLD Stock Performance

IAMGOLD stock opened at $4.30 on Monday. IAMGOLD Co. has a twelve month low of $1.99 and a twelve month high of $4.35. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.14 billion, a P/E ratio of 15.36, a PEG ratio of 0.77 and a beta of 1.68. The stock’s 50 day moving average is $3.44 and its 200 day moving average is $2.81.

IAMGOLD (NYSE:IAGGet Free Report) (TSE:IMG) last issued its quarterly earnings results on Thursday, May 9th. The mining company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $338.90 million during the quarter. IAMGOLD had a return on equity of 3.17% and a net margin of 12.48%. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts predict that IAMGOLD Co. will post 0.14 earnings per share for the current fiscal year.

IAMGOLD Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IAMGOLD (NYSE:IAG)

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