DJE Kapital AG Invests $1.42 Million in IAMGOLD Co. (NYSE:IAG)

DJE Kapital AG bought a new position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 280,700 shares of the mining company's stock, valued at approximately $1,419,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IAG. Bank of New York Mellon Corp raised its position in IAMGOLD by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock worth $181,000 after acquiring an additional 3,961 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of IAMGOLD during the 4th quarter worth about $174,000. Leuthold Group LLC lifted its stake in IAMGOLD by 55.4% in the 4th quarter. Leuthold Group LLC now owns 876,813 shares of the mining company's stock valued at $4,524,000 after buying an additional 312,504 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD in the 4th quarter worth about $68,000. Finally, CIBC Asset Management Inc increased its stake in IAMGOLD by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company's stock worth $3,615,000 after buying an additional 2,848 shares in the last quarter. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Trading Down 3.4 %

IAMGOLD stock traded down $0.20 during trading on Thursday, hitting $5.48. The company had a trading volume of 11,064,730 shares, compared to its average volume of 12,074,938. 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 company's 50 day simple moving average is $5.83 and its 200-day simple moving average is $5.48. IAMGOLD Co. has a 1-year low of $2.90 and a 1-year high of $6.69. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 3.78 and a beta of 1.56.

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IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data 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). The firm had revenue of $469.90 million during the quarter, compared to analysts' expectations of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. As a group, analysts expect that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.