Counterpoint Mutual Funds LLC Sells 112,851 Shares of IAMGOLD Co. (NYSE:IAG)

Counterpoint Mutual Funds LLC cut its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 56.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,362 shares of the mining company's stock after selling 112,851 shares during the period. Counterpoint Mutual Funds LLC's holdings in IAMGOLD were worth $440,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its holdings in shares of IAMGOLD by 58.8% in the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company's stock worth $52,735,000 after acquiring an additional 3,732,315 shares during the last quarter. FMR LLC raised its position in IAMGOLD by 107.9% in the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock worth $46,174,000 after purchasing an additional 4,577,599 shares during the period. Bank of Montreal Can lifted its stake in IAMGOLD by 130.6% in the third quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company's stock worth $28,385,000 after purchasing an additional 3,049,252 shares during the last quarter. Cibc World Market Inc. boosted its position in IAMGOLD by 54.0% during the fourth 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, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of IAMGOLD by 158.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company's stock valued at $24,301,000 after buying an additional 2,839,556 shares during the last quarter. Institutional investors own 47.08% of the company's stock.

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IAMGOLD Stock Down 2.5 %

IAMGOLD stock traded down $0.16 on Friday, hitting $6.05. 8,806,683 shares of the stock traded hands, compared to its average volume of 12,129,219. IAMGOLD Co. has a 1 year low of $2.94 and a 1 year high of $6.69. The firm has a market cap of $3.46 billion, a P/E ratio of 4.17 and a beta of 1.63. 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 fifty day simple moving average is $5.92 and its 200 day simple moving average is $5.53.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued 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 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%. As a group, sell-side analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IAG shares. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. CIBC lifted their target price on shares of IAMGOLD from $7.60 to $8.40 and gave the stock an "outperformer" rating in a research note on Thursday. Finally, Raymond James raised shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $6.90.

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.