IAMGOLD Co. (NYSE:IAG) Short Interest Down 8.5% in January

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 6,240,000 shares, a decline of 8.5% from the December 31st total of 6,820,000 shares. Based on an average daily trading volume, of 7,810,000 shares, the short-interest ratio is currently 0.8 days. Approximately 1.1% of the shares of the company are short sold.

IAMGOLD Trading Up 1.5 %

Shares of IAMGOLD stock traded up $0.10 on Wednesday, hitting $6.47. 16,820,783 shares of the company's stock traded hands, compared to its average volume of 12,369,767. IAMGOLD has a one year low of $2.32 and a one year high of $6.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The stock has a market capitalization of $3.69 billion, a PE ratio of 5.05 and a beta of 1.56. The firm's 50-day moving average price is $5.55 and its two-hundred day moving average price is $5.21.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings results on Thursday, November 7th. The mining company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.07. The company had revenue of $438.90 million during the quarter. IAMGOLD had a return on equity of 10.01% and a net margin of 49.56%. During the same period last year, the company earned ($0.01) earnings per share. On average, research analysts expect that IAMGOLD will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IAG has been the topic of several research reports. CIBC upgraded shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. 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 research report on Monday, December 2nd. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, IAMGOLD has a consensus rating of "Moderate Buy" and a consensus price target of $6.57.

Institutional Trading of IAMGOLD

Large investors have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of IAMGOLD by 107.9% in the third quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock worth $46,174,000 after acquiring an additional 4,577,599 shares in the last quarter. Van ECK Associates Corp raised its holdings in IAMGOLD by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company's stock worth $276,639,000 after buying an additional 4,267,084 shares during the period. Two Sigma Advisers LP raised its holdings in IAMGOLD by 58.8% during the 3rd quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company's stock worth $52,735,000 after buying an additional 3,732,315 shares during the period. Bank of Montreal Can boosted its holdings in shares of IAMGOLD by 130.6% in the third quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company's stock valued at $28,385,000 after buying an additional 3,049,252 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of IAMGOLD by 158.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company's stock worth $24,301,000 after acquiring an additional 2,839,556 shares in the last quarter. Institutional investors own 47.08% of the company's stock.

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.