WINTON GROUP Ltd Sells 91,642 Shares of Iamgold Corporation $IAG

WINTON GROUP Ltd cut its holdings in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,068 shares of the mining company’s stock after selling 91,642 shares during the quarter. WINTON GROUP Ltd’s holdings in Iamgold were worth $5,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of IAG. Royal Bank of Canada grew its stake in shares of Iamgold by 14.0% in the first quarter. Royal Bank of Canada now owns 691,322 shares of the mining company’s stock worth $4,321,000 after purchasing an additional 84,939 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Iamgold by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,420,263 shares of the mining company’s stock worth $15,127,000 after purchasing an additional 144,160 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Iamgold by 67.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,005,292 shares of the mining company’s stock worth $6,283,000 after purchasing an additional 404,645 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Iamgold by 64.1% in the second quarter. JPMorgan Chase & Co. now owns 228,257 shares of the mining company’s stock worth $1,678,000 after purchasing an additional 89,197 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Iamgold by 16.9% in the second quarter. The Manufacturers Life Insurance Company now owns 532,137 shares of the mining company’s stock worth $3,899,000 after purchasing an additional 77,016 shares during the last quarter. 47.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on IAG shares. Wall Street Zen raised Iamgold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Iamgold in a research report on Tuesday, April 21st. Scotiabank lifted their price objective on Iamgold to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. TD Securities reaffirmed a “buy” rating on shares of Iamgold in a research report on Thursday, February 19th. Finally, Zacks Research cut Iamgold from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.75.

Iamgold Price Performance

IAG stock opened at $15.42 on Friday. The firm has a 50 day moving average price of $17.91 and a 200-day moving average price of $18.19. Iamgold Corporation has a 52-week low of $6.69 and a 52-week high of $24.87. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.89.

Iamgold (NYSE:IAG) (TSE:IMG) last released its earnings results on Tuesday, May 5th. The mining company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.14. Iamgold had a net margin of 29.49% and a return on equity of 26.65%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $955.17 million. Equities research analysts forecast that Iamgold Corporation will post 2.27 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.