Leuthold Group LLC Buys 312,504 Shares of IAMGOLD Co. (NYSE:IAG)

Leuthold Group LLC boosted its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 55.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876,813 shares of the mining company's stock after buying an additional 312,504 shares during the quarter. Leuthold Group LLC owned approximately 0.15% of IAMGOLD worth $4,524,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IAG. Allspring Global Investments Holdings LLC increased its holdings in IAMGOLD by 1,973.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,012,000 shares of the mining company's stock valued at $5,311,000 after purchasing an additional 963,200 shares in the last quarter. Eastern Bank acquired a new stake in shares of IAMGOLD in the third quarter valued at $30,000. International Assets Investment Management LLC bought a new position in shares of IAMGOLD in the third quarter valued at about $700,000. Semanteon Capital Management LP bought a new position in shares of IAMGOLD in the third quarter valued at about $503,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in IAMGOLD during the 3rd quarter worth about $231,000. 47.08% of the stock is currently owned by institutional investors.

IAMGOLD Trading Up 4.5 %

IAG traded up $0.25 during midday trading on Wednesday, reaching $5.82. 9,661,140 shares of the company were exchanged, compared to its average volume of 12,263,938. The stock has a market capitalization of $3.33 billion, a P/E ratio of 4.02 and a beta of 1.56. IAMGOLD Co. has a one year low of $2.53 and a one year high of $6.69. The stock's 50-day simple moving average is $5.78 and its 200 day simple moving average is $5.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89.

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IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data 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 net margin of 50.19% and a return on equity of 10.64%. The firm had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. As a group, analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. CIBC raised IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded IAMGOLD from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $6.57.

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.