IAMGOLD Co. (NYSE:IAG) Shares Sold by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. decreased its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 76.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 223,760 shares of the mining company's stock after selling 719,140 shares during the quarter. PCJ Investment Counsel Ltd.'s holdings in IAMGOLD were worth $1,155,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IAG. FMR LLC raised its holdings 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. Two Sigma Advisers LP raised its holdings in 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 purchasing an additional 3,732,315 shares during the period. Bank of Montreal Can raised its holdings in IAMGOLD by 130.6% in the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in IAMGOLD by 158.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company's stock worth $24,301,000 after purchasing an additional 2,839,556 shares during the period. Finally, Cibc World Market Inc. raised its holdings in IAMGOLD by 54.0% in the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after purchasing an additional 1,795,869 shares during the period. Institutional investors and hedge funds own 47.08% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have commented on IAG. Cibc World Mkts upgraded 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 upgraded IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Finally, Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, IAMGOLD currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.57.

IAMGOLD Stock Performance

Shares of IAMGOLD stock traded up $0.16 on Wednesday, hitting $5.71. The stock had a trading volume of 10,022,321 shares, compared to its average volume of 12,280,265. IAMGOLD Co. has a 52-week low of $2.90 and a 52-week high of $6.69. 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 stock has a market cap of $3.26 billion, a price-to-earnings ratio of 3.93 and a beta of 1.63. The company's 50 day moving average price is $5.85 and its 200 day moving average price is $5.49.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $469.90 million during 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%. On average, research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current 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.