Amundi Lowers Position in IAMGOLD Co. (NYSE:IAG)

Amundi reduced its holdings in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,431,961 shares of the mining company's stock after selling 75,949 shares during the quarter. Amundi owned 0.60% of IAMGOLD worth $19,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tobam purchased a new position in shares of IAMGOLD in the fourth quarter valued at $25,000. Blue Trust Inc. boosted its stake in shares of IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after purchasing an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC purchased a new position in shares of IAMGOLD in the fourth quarter valued at $56,000. Atria Wealth Solutions Inc. purchased a new position in shares of IAMGOLD in the fourth quarter valued at $68,000. Finally, Choreo LLC purchased a new position in shares of IAMGOLD in the fourth quarter valued at $88,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, CIBC raised shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $6.57.

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IAMGOLD Stock Up 1.1 %

Shares of NYSE:IAG opened at $5.78 on Friday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 3.98 and a beta of 1.63. IAMGOLD Co. has a 1-year low of $2.90 and a 1-year high of $6.69. The company's fifty day moving average is $5.87 and its two-hundred day moving average is $5.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share 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 analyst estimates of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. Equities analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

IAMGOLD Company Profile

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.

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