IAMGOLD Co. (NYSE:IAG) Shares Sold by Mudita Advisors LLP

Mudita Advisors LLP lessened its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 55.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 803,200 shares of the mining company's stock after selling 996,800 shares during the period. IAMGOLD makes up about 2.3% of Mudita Advisors LLP's holdings, making the stock its 13th biggest holding. Mudita Advisors LLP owned 0.14% of IAMGOLD worth $4,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of IAMGOLD in the 3rd quarter worth about $29,000. Eastern Bank bought a new position in IAMGOLD in the third quarter worth approximately $30,000. TIAA Trust National Association bought a new stake in IAMGOLD during the second quarter valued at about $38,000. International Assets Investment Management LLC bought a new stake in IAMGOLD during the 3rd quarter worth approximately $700,000. Finally, WINTON GROUP Ltd purchased a new position in shares of IAMGOLD in the second quarter valued at about $52,000. Institutional investors own 47.08% of the company's stock.

IAMGOLD Stock Up 0.2 %

Shares of NYSE:IAG traded up $0.01 during trading hours on Wednesday, reaching $5.38. The stock had a trading volume of 5,111,077 shares, compared to its average volume of 8,984,540. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 4.20 and a beta of 1.57. The firm's 50 day moving average is $5.34 and its 200-day moving average is $4.65. 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 1 year low of $2.11 and a 1 year high of $6.37.

Analyst Ratings Changes

A number of research analysts recently weighed in on IAG shares. Scotiabank raised their target price on shares of IAMGOLD from $4.75 to $5.50 and gave the company a "sector perform" rating in a report on Monday, August 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $6.00 price target on shares of IAMGOLD in a research note on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating and increased their target price for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Finally, Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.68.

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.