Euro Pacific Asset Management LLC Has $7.32 Million Holdings in IAMGOLD Co. (NYSE:IAG)

Euro Pacific Asset Management LLC lessened its holdings in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,408,027 shares of the mining company's stock after selling 516,809 shares during the quarter. IAMGOLD makes up approximately 1.6% of Euro Pacific Asset Management LLC's investment portfolio, making the stock its 25th largest position. Euro Pacific Asset Management LLC owned approximately 0.25% of IAMGOLD worth $7,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Partners LLC acquired a new position in IAMGOLD in the 3rd quarter valued at about $29,000. Eastern Bank bought a new stake in shares of IAMGOLD during the third quarter worth approximately $30,000. Flow Traders U.S. LLC acquired a new position in shares of IAMGOLD in the third quarter valued at approximately $93,000. Verition Fund Management LLC acquired a new position in shares of IAMGOLD in the third quarter valued at approximately $114,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in IAMGOLD in the 3rd quarter valued at $231,000. Institutional investors own 47.08% of the company's stock.

IAMGOLD Trading Up 4.4 %

Shares of IAMGOLD stock traded up $0.26 during trading on Friday, hitting $6.06. The company's stock had a trading volume of 13,350,447 shares, compared to its average volume of 8,466,323. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 4.73 and a beta of 1.56. IAMGOLD Co. has a 52 week low of $2.32 and a 52 week high of $6.37. The stock has a 50-day moving average price of $5.46 and a two-hundred day moving average price of $5.10. 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 (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly earnings results on Thursday, November 7th. The mining company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.07. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. The firm had revenue of $438.90 million for the quarter. During the same quarter last year, the firm posted ($0.01) EPS. Equities research analysts anticipate that IAMGOLD Co. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IAG shares. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 target price on shares of IAMGOLD in a report on Tuesday, October 22nd. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "buy" rating and boosted their price target for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Raymond James lowered their price objective on IAMGOLD from $6.50 to $6.00 and set an "underperform" rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.57.

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.