Quadrature Capital Ltd reduced its holdings in IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 61.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 186,081 shares of the mining company’s stock after selling 299,200 shares during the quarter. Quadrature Capital Ltd’s holdings in IAMGOLD were worth $1,084,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of IAG. Alliancebernstein L.P. lifted its position in shares of IAMGOLD by 171.9% in the 2nd quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company’s stock worth $170,000 after buying an additional 20,800 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of IAMGOLD in the 2nd quarter worth about $600,000. Vanguard Group Inc. lifted its position in shares of IAMGOLD by 9.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,492,363 shares of the mining company’s stock worth $48,980,000 after buying an additional 838,766 shares during the last quarter. FMR LLC lifted its position in shares of IAMGOLD by 12.9% in the 2nd quarter. FMR LLC now owns 1,395,550 shares of the mining company’s stock worth $7,199,000 after buying an additional 160,000 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted 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 worth $110,000 after buying an additional 10,773 shares during the last quarter. Institutional investors own 58.09% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Scotiabank restated a “hold” rating on shares of IAMGOLD in a research report on Tuesday, November 14th. Canaccord Genuity upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of IAMGOLD from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BMO Capital Markets cut shares of IAMGOLD to a “hold” rating in a report on Friday, February 16th. Finally, Desjardins reaffirmed 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 company. IAMGOLD presently has a consensus rating of “Hold” and an average target price of $7.07.
IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Wednesday, February 21st. The mining company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). IAMGOLD had a return on equity of 1.08% and a net margin of 45.81%. The firm had revenue of $291.10 million during the quarter, compared to analyst estimates of $280.04 million. During the same period last year, the business earned ($0.01) EPS. The firm’s revenue was up 15.3% on a year-over-year basis. analysts expect that IAMGOLD Corp will post 0.11 earnings per share for the current year.
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IAMGOLD Company Profile
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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