IAMGOLD Co. (NYSE:IAG) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,540,087 shares of the mining company's stock after selling 96,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.79% of IAMGOLD worth $23,437,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. acquired a new position in IAMGOLD during the 4th quarter worth about $103,000. Raymond James Financial Inc. acquired a new stake in IAMGOLD in the 4th quarter valued at about $107,000. Aigen Investment Management LP raised its position in IAMGOLD by 25.8% in the 4th quarter. Aigen Investment Management LP now owns 88,341 shares of the mining company's stock valued at $456,000 after purchasing an additional 18,097 shares in the last quarter. DJE Kapital AG acquired a new stake in IAMGOLD in the 4th quarter valued at about $1,419,000. Finally, Bank of New York Mellon Corp raised its position in IAMGOLD by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock valued at $181,000 after purchasing an additional 3,961 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IAG. CIBC raised IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research report on Monday, December 2nd. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, IAMGOLD presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.57.

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IAMGOLD Trading Up 1.1 %

IAG opened at $5.78 on Friday. The business's 50-day simple moving average is $5.87 and its 200-day simple moving average is $5.49. The company has a market cap of $3.30 billion, a P/E ratio of 3.98 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD Co. has a one year low of $2.90 and a one year high of $6.69.

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

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