Hillsdale Investment Management Inc. Sells 113,380 Shares of IAMGOLD Co. (NYSE:IAG)

Hillsdale Investment Management Inc. lowered its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,117,975 shares of the mining company's stock after selling 113,380 shares during the period. IAMGOLD accounts for about 0.8% of Hillsdale Investment Management Inc.'s investment portfolio, making the stock its 23rd largest position. Hillsdale Investment Management Inc. owned about 0.55% of IAMGOLD worth $16,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAG. Tobam bought a new stake in shares of IAMGOLD in the fourth quarter worth about $25,000. Blue Trust Inc. increased its stake in IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after acquiring an additional 5,511 shares during the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in shares of IAMGOLD during the 4th quarter worth approximately $56,000. Atria Wealth Solutions Inc. purchased a new stake in shares of IAMGOLD during the 4th quarter worth approximately $68,000. Finally, Choreo LLC purchased a new position in shares of IAMGOLD in the fourth quarter valued at $88,000. Institutional investors own 47.08% of the company's stock.

Analyst Upgrades and Downgrades

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

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IAMGOLD Trading Up 1.2 %

Shares of IAG traded up $0.08 during mid-day trading on Wednesday, reaching $6.12. 12,833,898 shares of the company's stock traded hands, compared to its average volume of 9,589,092. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The stock's 50-day moving average is $5.94 and its two-hundred day moving average is $5.56. IAMGOLD Co. has a 12 month low of $3.10 and a 12 month high of $6.69. The stock has a market cap of $3.50 billion, a P/E ratio of 4.22 and a beta of 1.63.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 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 during the quarter, compared to the consensus estimate of $498.68 million. Research analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

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.