Point72 Asset Management L.P. Has $191,000 Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Point72 Asset Management L.P. lowered its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 95.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,920 shares of the mining company's stock after selling 1,014,755 shares during the period. Point72 Asset Management L.P.'s holdings in IAMGOLD were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IAG. Van ECK Associates Corp boosted its stake in IAMGOLD by 8.2% in the first quarter. Van ECK Associates Corp now owns 52,053,035 shares of the mining company's stock valued at $173,340,000 after acquiring an additional 3,935,250 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in IAMGOLD by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 36,077,268 shares of the mining company's stock valued at $120,137,000 after acquiring an additional 298,959 shares during the last quarter. Helikon Investments Ltd boosted its stake in IAMGOLD by 250.5% in the first quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company's stock valued at $109,429,000 after acquiring an additional 23,485,183 shares during the last quarter. Vanguard Group Inc. boosted its stake in IAMGOLD by 1.0% in the first quarter. Vanguard Group Inc. now owns 17,678,843 shares of the mining company's stock valued at $58,871,000 after acquiring an additional 168,302 shares during the last quarter. Finally, P Schoenfeld Asset Management LP boosted its position in shares of IAMGOLD by 11.1% during the fourth quarter. P Schoenfeld Asset Management LP now owns 8,234,284 shares of the mining company's stock worth $20,833,000 after purchasing an additional 822,149 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

IAMGOLD Stock Down 1.9 %

IAG traded down $0.10 during trading on Friday, hitting $5.04. The company had a trading volume of 8,890,623 shares, compared to its average volume of 9,021,314. The company has a market capitalization of $2.87 billion, a PE ratio of 18.00 and a beta of 1.59. IAMGOLD Co. has a one year low of $2.01 and a one year high of $5.60. The firm's 50-day moving average price is $4.89 and its 200 day moving average price is $4.18. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.30.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. The business had revenue of $385.30 million for the quarter. During the same period in the prior year, the firm posted ($0.01) earnings per share. As a group, equities analysts expect that IAMGOLD Co. will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on IAG shares. StockNews.com raised shares of IAMGOLD from a "sell" rating to a "hold" rating in a research report on Saturday, August 17th. Scotiabank lifted their price target on shares of IAMGOLD from $4.75 to $5.50 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. Finally, CIBC lifted their price target on shares of IAMGOLD from $4.90 to $5.40 and gave the stock a "neutral" rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.73.

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.