RCF Management L.L.C. Buys New Shares in IAMGOLD Co. (NYSE:IAG)

RCF Management L.L.C. bought a new stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,840,000 shares of the mining company's stock, valued at approximately $128,174,000. IAMGOLD comprises about 100.0% of RCF Management L.L.C.'s portfolio, making the stock its biggest holding. RCF Management L.L.C. owned approximately 4.35% of IAMGOLD as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently commented on IAG. CIBC reiterated an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, StockNews.com cut IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD has an average rating of "Moderate Buy" and an average target price of $6.90.

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IAMGOLD Trading Down 13.7 %

NYSE:IAG traded down $0.90 during trading hours on Friday, reaching $5.64. 16,359,492 shares of the stock were exchanged, compared to its average volume of 9,798,670. IAMGOLD Co. has a twelve month low of $3.44 and a twelve month high of $6.69. The business has a 50-day moving average of $6.04 and a two-hundred day moving average of $5.62. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 3.89 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 announced its 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). The firm had revenue of $469.90 million for the quarter, compared to analysts' expectations of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. On average, equities analysts predict that IAMGOLD Co. will post 0.67 EPS for the current year.

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.