Public Employees Retirement System of Ohio Purchases Shares of 206,397 IAMGOLD Co. (NYSE:IAG)

Public Employees Retirement System of Ohio acquired a new stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 206,397 shares of the mining company's stock, valued at approximately $1,083,000.

Several other institutional investors have also recently made changes to their positions in IAG. ORG Partners LLC bought a new position in IAMGOLD during the third quarter valued at about $29,000. Eastern Bank purchased a new position in IAMGOLD in the third quarter valued at approximately $30,000. TIAA Trust National Association bought a new position in IAMGOLD during the second quarter valued at $38,000. WINTON GROUP Ltd purchased a new stake in IAMGOLD in the second quarter worth $52,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of IAMGOLD during the 2nd quarter valued at $56,000. Institutional investors own 47.08% of the company's stock.

Analysts Set New Price Targets

IAG has been the topic of several recent research reports. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com upgraded IAMGOLD from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "buy" rating and boosted their price objective for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $6.68.

IAMGOLD Price Performance

IAG traded up $0.11 on Friday, reaching $5.20. The company had a trading volume of 8,064,564 shares, compared to its average volume of 8,840,901. IAMGOLD Co. has a 52-week low of $2.23 and a 52-week high of $6.37. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 4.06 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The business has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $4.80.

IAMGOLD Company 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.