BlueCrest Capital Management Ltd lifted its position in IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 550,000 shares of the mining company’s stock after acquiring an additional 95,947 shares during the period. BlueCrest Capital Management Ltd owned approximately 0.12% of IAMGOLD worth $3,207,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. James Investment Research Inc. acquired a new stake in shares of IAMGOLD in the 4th quarter valued at approximately $105,000. Raymond James Financial Services Advisors Inc. raised its position in shares of IAMGOLD by 102.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock valued at $110,000 after acquiring an additional 10,773 shares during the period. Sigma Planning Corp acquired a new stake in shares of IAMGOLD in the 3rd quarter valued at approximately $130,000. Fox Run Management L.L.C. raised its holdings in IAMGOLD by 121.2% during the 4th quarter. Fox Run Management L.L.C. now owns 26,325 shares of the mining company’s stock worth $153,000 after buying an additional 14,425 shares during the period. Finally, U S Global Investors Inc. raised its holdings in IAMGOLD by 113.9% during the 3rd quarter. U S Global Investors Inc. now owns 28,955 shares of the mining company’s stock worth $177,000 after buying an additional 15,419 shares during the period. Institutional investors and hedge funds own 57.38% of the company’s stock.
Shares of IAMGOLD Corp (IAG) remained flat at $$4.90 on Friday. The company had a trading volume of 7,920,439 shares, compared to its average volume of 4,583,779. The company has a market capitalization of $2,282.80, a P/E ratio of 4.58, a PEG ratio of 15.71 and a beta of -0.17. IAMGOLD Corp has a fifty-two week low of $3.55 and a fifty-two week high of $7.25. The company has a current ratio of 5.02, a quick ratio of 4.16 and a debt-to-equity ratio of 0.14.
IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $291.10 million for the quarter, compared to the consensus estimate of $280.04 million. IAMGOLD had a return on equity of 1.08% and a net margin of 45.81%. IAMGOLD’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. analysts anticipate that IAMGOLD Corp will post 0.1 earnings per share for the current fiscal year.
Several analysts have commented on the stock. Canaccord Genuity upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research downgraded shares of IAMGOLD from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BMO Capital Markets downgraded shares of IAMGOLD to a “hold” rating in a report on Friday, February 16th. CIBC set a $7.50 target price on shares of IAMGOLD and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Finally, Desjardins restated a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.07.
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IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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