IAMGOLD Co. (NYSE:IAG) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 83.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,999,098 shares of the mining company's stock after acquiring an additional 910,381 shares during the quarter. Marshall Wace LLP owned about 0.35% of IAMGOLD worth $10,315,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tobam purchased a new position in IAMGOLD during the 4th quarter valued at about $25,000. Blue Trust Inc. increased its stake in shares of IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after purchasing an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC acquired a new position in shares of IAMGOLD during the 4th quarter worth approximately $56,000. Atria Wealth Solutions Inc. purchased a new stake in IAMGOLD in the 4th quarter valued at approximately $68,000. Finally, Choreo LLC acquired a new stake in IAMGOLD during the 4th quarter valued at $88,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Analysts Set New Price Targets

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

IAMGOLD Stock Down 2.1 %

NYSE:IAG traded down $0.15 during mid-day trading on Friday, hitting $7.04. The company had a trading volume of 10,282,192 shares, compared to its average volume of 10,123,037. The business has a fifty day simple moving average of $6.28 and a 200-day simple moving average of $5.83. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 4.86 and a beta of 1.52. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD Co. has a 1 year low of $3.44 and a 1 year high of $8.38.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The firm had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. Equities analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal 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.