Hartree Partners LP Raises Stock Position in IAMGOLD Co. (NYSE:IAG)

Hartree Partners LP increased its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 56.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 538,766 shares of the mining company's stock after buying an additional 193,766 shares during the period. IAMGOLD comprises approximately 1.0% of Hartree Partners LP's investment portfolio, making the stock its 26th biggest holding. Hartree Partners LP owned about 0.09% of IAMGOLD worth $2,780,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of IAMGOLD by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock valued at $109,741,000 after buying an additional 321,458 shares during the last quarter. LPL Financial LLC lifted its position in IAMGOLD by 79.2% during the fourth quarter. LPL Financial LLC now owns 54,277 shares of the mining company's stock valued at $280,000 after acquiring an additional 23,990 shares during the last quarter. American Century Companies Inc. grew its stake in IAMGOLD by 25.9% during the 4th quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company's stock worth $52,499,000 after buying an additional 2,092,803 shares during the last quarter. Semanteon Capital Management LP raised its stake in IAMGOLD by 22.6% in the fourth quarter. Semanteon Capital Management LP now owns 117,767 shares of the mining company's stock valued at $608,000 after buying an additional 21,675 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of IAMGOLD by 4.6% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company's stock worth $473,000 after acquiring an additional 4,013 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company's stock.

Remove Ads

IAMGOLD Price Performance

IAG stock traded down $0.05 during mid-day trading on Monday, reaching $6.25. The company's stock had a trading volume of 11,664,597 shares, compared to its average volume of 9,743,802. 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 moving average is $6.01 and its two-hundred day moving average is $5.60. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $6.69. The stock has a market cap of $3.58 billion, a PE ratio of 4.31 and a beta of 1.63.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. Equities research analysts expect that IAMGOLD Co. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

IAG has been the subject of a number of research reports. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com cut IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, CIBC reiterated an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.90.

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.