35,824 Shares in Iamgold Corporation $IAG Bought by State of Wyoming

State of Wyoming purchased a new position in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 35,824 shares of the mining company’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new position in Iamgold during the second quarter worth about $26,000. Pin Oak Investment Advisors Inc. acquired a new stake in Iamgold in the fourth quarter valued at $30,000. Global Retirement Partners LLC purchased a new stake in shares of Iamgold during the 4th quarter worth $33,000. Western Wealth Management LLC purchased a new stake in shares of Iamgold during the 1st quarter worth $43,000. Finally, Banque Cantonale Vaudoise grew its stake in shares of Iamgold by 617.8% during the 4th quarter. Banque Cantonale Vaudoise now owns 2,986 shares of the mining company’s stock worth $49,000 after purchasing an additional 2,570 shares during the period. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IAG has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Iamgold from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Iamgold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Bank of America dropped their target price on shares of Iamgold from $22.50 to $21.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Scotiabank lifted their price target on shares of Iamgold from $22.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Iamgold from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.20.

Iamgold Trading Up 0.0%

Shares of Iamgold stock opened at $18.30 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.71 and a quick ratio of 1.05. Iamgold Corporation has a 1 year low of $7.89 and a 1 year high of $24.87. The company has a market capitalization of $10.51 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.97 and a beta of 1.32. The business has a 50 day moving average price of $15.87 and a 200 day moving average price of $18.02.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its earnings results on Thursday, August 6th. The mining company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Iamgold had a return on equity of 28.97% and a net margin of 31.40%.The firm had revenue of $845.97 million for the quarter, compared to analysts’ expectations of $882.92 million. Sell-side analysts anticipate that Iamgold Corporation will post 1.91 EPS for the current fiscal year.

Iamgold Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.