Guggenheim Capital LLC Has $2.10 Million Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Guggenheim Capital LLC trimmed its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 15.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 406,733 shares of the mining company's stock after selling 72,155 shares during the period. Guggenheim Capital LLC owned about 0.07% of IAMGOLD worth $2,099,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its stake in shares of IAMGOLD by 0.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock valued at $161,167,000 after acquiring an additional 216,751 shares during the period. RCF Management L.L.C. bought a new stake in IAMGOLD during the 4th quarter worth about $128,174,000. Vanguard Group Inc. lifted its position in IAMGOLD by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock valued at $109,741,000 after purchasing an additional 321,458 shares during the period. American Century Companies Inc. boosted its stake in shares of IAMGOLD by 25.9% in the 4th quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company's stock valued at $52,499,000 after purchasing an additional 2,092,803 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of IAMGOLD by 41.6% during the 4th quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company's stock worth $36,842,000 after buying an additional 2,098,215 shares during the period. 47.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. CIBC reissued an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. Raymond James reaffirmed a "market perform" rating and set a $8.00 price objective on shares of IAMGOLD in a research note on Friday, April 4th. BMO Capital Markets started coverage on IAMGOLD in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, Scotiabank increased their price target on shares of IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.57.

IAMGOLD Stock Down 0.4 %

Shares of IAMGOLD stock traded down $0.03 on Thursday, hitting $7.19. The company had a trading volume of 11,840,180 shares, compared to its average volume of 10,108,849. The stock has a 50-day moving average of $6.25 and a 200-day moving average of $5.79. 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 twelve month low of $3.44 and a twelve month high of $8.38. The firm has a market capitalization of $4.13 billion, a P/E ratio of 4.96 and a beta of 1.52.

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

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.