IAMGOLD Co. (NYSE:IAG) Shares Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. boosted its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 44.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,315 shares of the mining company's stock after purchasing an additional 108,524 shares during the period. Triasima Portfolio Management inc. owned approximately 0.06% of IAMGOLD worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of IAG. Tobam bought a new stake in shares of IAMGOLD during the fourth quarter worth $25,000. ORG Partners LLC purchased a new stake in shares of IAMGOLD during the third quarter valued at about $29,000. Eastern Bank acquired a new stake in IAMGOLD in the third quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in shares of IAMGOLD by 157.1% during the fourth 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. Finally, International Assets Investment Management LLC acquired a new stake in shares of IAMGOLD during the third quarter worth about $700,000. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Trading Up 0.1 %

Shares of NYSE:IAG traded up $0.01 during mid-day trading on Tuesday, reaching $6.46. 8,511,338 shares of the company were exchanged, compared to its average volume of 12,287,783. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 5.04 and a beta of 1.56. 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 1 year low of $2.32 and a 1 year high of $6.64. The firm's 50-day simple moving average is $5.61 and its 200 day simple moving average is $5.26.

Analysts Set New Price Targets

IAG has been the topic of a number of recent research reports. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday, October 22nd. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. CIBC raised shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded IAMGOLD from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $6.57.

IAMGOLD 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.