Charles Schwab Investment Management Inc. Lowers Stock Position in IAMGOLD Co. (NYSE:IAG)

Charles Schwab Investment Management Inc. decreased its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Two Sigma Advisers LP grew its stake in IAMGOLD by 58.8% in the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company's stock worth $52,735,000 after purchasing an additional 3,732,315 shares during the period. FMR LLC boosted its holdings in shares of IAMGOLD by 107.9% during the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock valued at $46,174,000 after buying an additional 4,577,599 shares in the last quarter. Bank of Montreal Can grew its position in shares of IAMGOLD by 130.6% in the 3rd quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company's stock worth $28,385,000 after buying an additional 3,049,252 shares during the period. Cibc World Market Inc. increased its stake in shares of IAMGOLD by 54.0% in the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after acquiring an additional 1,795,869 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in IAMGOLD by 48.8% during the third quarter. National Bank of Canada FI now owns 1,914,730 shares of the mining company's stock worth $10,018,000 after acquiring an additional 628,253 shares in the last quarter. Institutional investors own 47.08% of the company's stock.

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Analyst Upgrades and Downgrades

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

IAMGOLD Stock Performance

Shares of IAMGOLD stock traded up $0.32 during trading hours on Thursday, reaching $6.43. 10,502,944 shares of the stock traded hands, compared to its average volume of 11,998,477. The company has a 50 day moving average price of $5.96 and a 200 day moving average price of $5.56. IAMGOLD Co. has a one year low of $3.21 and a one year high of $6.69. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 4.43 and a beta of 1.63.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced 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 net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $469.90 million for the quarter, compared to the consensus estimate of $498.68 million. On average, equities research analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal 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.