American Century Companies Inc. Buys 2,092,803 Shares of IAMGOLD Co. (NYSE:IAG)

American Century Companies Inc. lifted its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,162,314 shares of the mining company's stock after purchasing an additional 2,092,803 shares during the period. American Century Companies Inc. owned 1.78% of IAMGOLD worth $52,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock valued at $46,174,000 after purchasing an additional 4,577,599 shares during the period. Two Sigma Advisers LP boosted its position in shares of IAMGOLD by 58.8% during the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company's stock worth $52,735,000 after purchasing an additional 3,732,315 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of IAMGOLD by 130.6% in the 3rd quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company's stock valued at $28,385,000 after buying an additional 3,049,252 shares during the period. Cibc World Market Inc. grew its holdings 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 buying an additional 1,795,869 shares during the period. Finally, Intact Investment Management Inc. increased its position in shares of IAMGOLD by 158.4% in the 4th quarter. Intact Investment Management Inc. now owns 2,733,450 shares of the mining company's stock valued at $14,127,000 after buying an additional 1,675,440 shares in the last quarter. 47.08% of the stock is currently owned by institutional investors.

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IAMGOLD Stock Performance

Shares of IAG traded down $0.15 during trading hours on Friday, hitting $6.29. The company had a trading volume of 11,712,618 shares, compared to its average volume of 9,736,115. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 4.33 and a beta of 1.63. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $5.99 and a 200-day moving average of $5.59. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $6.69.

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

Analysts Set New Price Targets

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

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.