175,678 Shares in IAMGOLD Co. (NYSE:IAG) Acquired by EAM Investors LLC

EAM Investors LLC acquired a new position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 175,678 shares of the mining company's stock, valued at approximately $908,000.

A number of other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd raised its position in IAMGOLD by 23.8% during the fourth quarter. XTX Topco Ltd now owns 146,969 shares of the mining company's stock valued at $758,000 after buying an additional 28,229 shares during the period. Mariner LLC increased its stake in shares of IAMGOLD by 651.0% in the fourth quarter. Mariner LLC now owns 81,691 shares of the mining company's stock worth $422,000 after purchasing an additional 70,813 shares during the period. Scotia Capital Inc. lifted its holdings in shares of IAMGOLD by 7.4% during the fourth quarter. Scotia Capital Inc. now owns 95,612 shares of the mining company's stock worth $493,000 after buying an additional 6,595 shares during the last quarter. CenterBook Partners LP raised its stake in IAMGOLD by 75.8% during the 4th quarter. CenterBook Partners LP now owns 19,691 shares of the mining company's stock valued at $102,000 after purchasing an additional 8,491 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in IAMGOLD during the fourth quarter worth about $107,000. 47.08% of the stock is owned by institutional investors and hedge funds.

IAMGOLD Trading Up 2.4 %

Shares of NYSE IAG traded up $0.19 during midday trading on Tuesday, hitting $7.97. The stock had a trading volume of 5,182,342 shares, compared to its average volume of 10,055,276. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $8.38. The firm has a market cap of $4.58 billion, a P/E ratio of 5.47 and a beta of 1.52. The company's 50-day simple moving average is $6.21 and its 200 day simple moving average is $5.77.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data 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 company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. Research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IAG. Scotiabank boosted their price objective on IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a research report on Monday, April 14th. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. BMO Capital Markets initiated coverage on shares of IAMGOLD in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. Raymond James reiterated a "market perform" rating and issued a $8.00 price objective on shares of IAMGOLD in a research note on Friday, April 4th. Finally, CIBC reissued an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.57.

About IAMGOLD

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.