Cerity Partners LLC Takes $303,000 Position in IAMGOLD Co. (NYSE:IAG)

Cerity Partners LLC bought a new position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,775 shares of the mining company's stock, valued at approximately $303,000.

A number of other institutional investors also recently modified their holdings of IAG. Tobam bought a new stake in IAMGOLD in the 4th quarter valued at $25,000. Blue Trust Inc. increased its holdings 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 last quarter. Raab & Moskowitz Asset Management LLC acquired a new stake in IAMGOLD during the 4th quarter worth approximately $56,000. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD in the 4th quarter worth about $68,000. Finally, Choreo LLC bought a new stake in shares of IAMGOLD in the fourth quarter valued at approximately $88,000. 47.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IAG has been the topic of several research analyst reports. Raymond James reaffirmed a "market perform" rating and issued a $8.00 price objective on shares of IAMGOLD in a research note on Friday, April 4th. StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. CIBC reissued an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. Finally, Scotiabank upped their target price on IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.57.

IAMGOLD Stock Performance

IAMGOLD stock traded down $0.15 during midday trading on Friday, hitting $7.04. The stock had a trading volume of 10,282,192 shares, compared to its average volume of 10,145,362. The company has a market capitalization of $4.05 billion, a PE ratio of 4.86 and a beta of 1.52. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average is $6.28 and its two-hundred day moving average is $5.83. IAMGOLD Co. has a 52-week low of $3.44 and a 52-week high of $8.38.

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 (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The firm had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. On average, research analysts forecast that IAMGOLD Co. will post 0.67 EPS for the current year.

IAMGOLD 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.