Jump Financial LLC Lowers Stock Position in IAMGOLD Co. (NYSE:IAG)

Jump Financial LLC lessened its position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 64.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,531 shares of the mining company's stock after selling 212,987 shares during the quarter. Jump Financial LLC's holdings in IAMGOLD were worth $596,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IAG. XTX Topco Ltd raised its position in IAMGOLD by 23.8% in the fourth quarter. XTX Topco Ltd now owns 146,969 shares of the mining company's stock valued at $758,000 after purchasing an additional 28,229 shares during the period. Mariner LLC increased its position in shares of IAMGOLD by 651.0% during the fourth quarter. Mariner LLC now owns 81,691 shares of the mining company's stock valued at $422,000 after acquiring an additional 70,813 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of IAMGOLD by 7.4% in the 4th quarter. Scotia Capital Inc. now owns 95,612 shares of the mining company's stock valued at $493,000 after acquiring an additional 6,595 shares during the period. CenterBook Partners LP boosted its position in shares of IAMGOLD by 75.8% during the 4th quarter. CenterBook Partners LP now owns 19,691 shares of the mining company's stock worth $102,000 after purchasing an additional 8,491 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in IAMGOLD in the 4th quarter valued at approximately $107,000. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Stock Down 2.1 %

Shares of NYSE IAG traded down $0.15 during midday trading on Friday, hitting $7.04. 10,282,192 shares of the company's stock were exchanged, compared to its average volume of 10,145,362. The firm's fifty day simple moving average is $6.28 and its 200-day simple moving average is $5.83. The company has a market cap of $4.05 billion, a PE ratio of 4.86 and a beta of 1.52. IAMGOLD Co. has a twelve month low of $3.44 and a twelve month high of $8.38. 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 (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Raymond James reaffirmed a "market perform" rating and issued a $8.00 price objective on shares of IAMGOLD in a research note on Friday, April 4th. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Scotiabank upped their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. CIBC reissued an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. Finally, National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, IAMGOLD has an average rating of "Moderate Buy" and a consensus target price of $7.57.

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.