ExodusPoint Capital Management LP Sells 277,021 Shares of IAMGOLD Co. (NYSE:IAG)

ExodusPoint Capital Management LP lessened its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 82.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,900 shares of the mining company’s stock after selling 277,021 shares during the quarter. ExodusPoint Capital Management LP’s holdings in IAMGOLD were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IAG. Allspring Global Investments Holdings LLC boosted its holdings in shares of IAMGOLD by 27.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company’s stock valued at $6,654,000 after buying an additional 277,000 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of IAMGOLD by 54.0% in the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock worth $26,452,000 after purchasing an additional 1,795,869 shares in the last quarter. Triasima Portfolio Management inc. raised its position in IAMGOLD by 44.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company’s stock worth $1,820,000 after buying an additional 108,524 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of IAMGOLD by 66.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company’s stock valued at $7,904,000 after buying an additional 604,259 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of IAMGOLD in the 3rd quarter worth approximately $1,083,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of analyst reports. Raymond James restated a “market perform” rating and issued a $8.00 price target on shares of IAMGOLD in a research report on Friday, April 4th. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, CIBC reiterated an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.23.

IAMGOLD Stock Up 4.7 %

NYSE:IAG opened at $7.20 on Monday. IAMGOLD Co. has a 1-year low of $3.44 and a 1-year high of $7.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The firm has a market cap of $4.12 billion, a PE ratio of 4.97 and a beta of 1.52. The company has a 50-day moving average of $6.06 and a 200 day moving average of $5.66.

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

About IAMGOLD

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.