Charles Schwab Investment Management Inc. Decreases Holdings in IAMGOLD Co. (NYSE:IAG)

Charles Schwab Investment Management Inc. decreased its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,585,046 shares of the mining company's stock after selling 185,115 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.28% of IAMGOLD worth $8,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam purchased a new stake in shares of IAMGOLD in the fourth quarter worth about $25,000. Blue Trust Inc. increased its holdings in shares of IAMGOLD by 157.1% during the 4th 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 in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in IAMGOLD during the fourth quarter worth $56,000. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD during the fourth quarter valued at $68,000. Finally, Choreo LLC purchased a new position in IAMGOLD in the fourth quarter valued at $88,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IAG. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Raymond James raised shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. CIBC reissued an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $6.90.

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IAMGOLD Trading Up 1.2 %

IAG traded up $0.08 during trading hours on Wednesday, reaching $6.12. The company's stock had a trading volume of 12,833,898 shares, compared to its average volume of 9,589,092. The stock has a market cap of $3.50 billion, a PE ratio of 4.22 and a beta of 1.63. IAMGOLD Co. has a fifty-two week low of $3.10 and a fifty-two week high of $6.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The business's 50-day moving average is $5.94 and its 200-day moving average is $5.56.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The firm 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%. As a group, equities research analysts predict that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal 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.