Vanguard Group Inc. Raises Holdings in IAMGOLD Co. (NYSE:IAG)

Vanguard Group Inc. lifted its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,232,871 shares of the mining company's stock after acquiring an additional 321,458 shares during the period. Vanguard Group Inc. owned approximately 3.72% of IAMGOLD worth $109,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in IAMGOLD by 27.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company's stock worth $6,654,000 after purchasing an additional 277,000 shares in the last quarter. Cibc World Market Inc. increased its stake in shares of IAMGOLD by 54.0% in the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after acquiring an additional 1,795,869 shares in the last quarter. Triasima Portfolio Management inc. lifted its position in shares of IAMGOLD by 44.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company's stock valued at $1,820,000 after acquiring an additional 108,524 shares during the period. JPMorgan Chase & Co. boosted its stake in IAMGOLD by 66.6% during the third quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company's stock worth $7,904,000 after acquiring an additional 604,259 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in IAMGOLD in the third quarter worth $1,083,000. 47.08% of the stock is owned by institutional investors and hedge funds.

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IAMGOLD Stock Up 4.7 %

IAMGOLD stock traded up $0.32 during trading on Friday, hitting $7.20. 23,635,189 shares of the company were exchanged, compared to its average volume of 9,993,078. 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 business's 50 day moving average is $6.06 and its 200 day moving average is $5.66. IAMGOLD Co. has a 52 week low of $3.44 and a 52 week high of $7.42. The company has a market capitalization of $4.12 billion, a P/E ratio of 4.97 and a beta of 1.52.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly earnings results 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 business had revenue of $469.90 million for the quarter, compared to analysts' expectations of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. Analysts predict that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IAG shares. CIBC restated an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Raymond James reiterated a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a report on Friday, April 4th. Finally, National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, IAMGOLD has a consensus rating of "Moderate Buy" and an average price target of $7.23.

IAMGOLD Company 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.