IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG was the target of some unusual options trading on Friday. Traders bought 4,720 call options on the stock. This is an increase of 116% compared to the average daily volume of 2,183 call options.
Institutional Investors Weigh In On IAMGOLD
Several hedge funds have recently made changes to their positions in IAG. Allspring Global Investments Holdings LLC increased its holdings in shares of IAMGOLD by 27.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company's stock worth $6,654,000 after buying an additional 277,000 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of IAMGOLD by 368.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,521,670 shares of the mining company's stock valued at $7,772,000 after buying an additional 1,196,564 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after buying an additional 1,795,869 shares during the last quarter. Triasima Portfolio Management inc. raised its holdings in IAMGOLD by 44.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company's stock valued at $1,820,000 after acquiring an additional 108,524 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in IAMGOLD by 66.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company's stock valued at $7,904,000 after acquiring an additional 604,259 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.
IAMGOLD Price Performance
Shares of IAG traded down $0.05 during trading hours on Monday, reaching $6.25. 11,664,597 shares of the company traded hands, compared to its average volume of 9,743,802. The stock has a fifty day simple moving average of $5.99 and a 200 day simple moving average of $5.59. IAMGOLD has a fifty-two week low of $3.44 and a fifty-two week high of $6.69. The stock has a market capitalization of $3.58 billion, a PE ratio of 4.31 and a beta of 1.63. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS 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 firm had revenue of $469.90 million for the quarter, compared to analysts' expectations of $498.68 million. As a group, research analysts predict that IAMGOLD will post 0.67 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on IAG shares. CIBC reiterated an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $6.90.
Read Our Latest Analysis on IAG
IAMGOLD Company Profile
(
Get Free Report)
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.
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