Sprott Inc. Sells 527,192 Shares of IAMGOLD Co. (NYSE:IAG)

Sprott Inc. decreased its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,664,327 shares of the mining company's stock after selling 527,192 shares during the period. IAMGOLD comprises about 1.7% of Sprott Inc.'s holdings, making the stock its 16th largest position. Sprott Inc. owned approximately 0.99% of IAMGOLD worth $29,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Van ECK Associates Corp boosted its position in IAMGOLD by 8.8% in the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company's stock worth $276,639,000 after purchasing an additional 4,267,084 shares during the last quarter. Two Sigma Advisers LP boosted its position in IAMGOLD by 58.8% in the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company's stock worth $52,735,000 after purchasing an additional 3,732,315 shares during the last quarter. FMR LLC raised its stake 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 valued at $46,174,000 after buying an additional 4,577,599 shares during the period. Bank of Montreal Can raised its stake 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, Cibc World Market Inc. raised its stake in shares of IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after buying an additional 1,795,869 shares during the period. Hedge funds and other institutional investors own 47.08% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on IAG. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. CIBC upgraded IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Finally, StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, IAMGOLD currently has an average rating of "Moderate Buy" and a consensus price target of $6.57.

IAMGOLD Stock Performance

Shares of NYSE:IAG traded up $0.07 during midday trading on Friday, reaching $5.51. 9,837,612 shares of the company traded hands, compared to its average volume of 12,150,564. 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 Co. has a 12 month low of $2.56 and a 12 month high of $6.69. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 3.80 and a beta of 1.56. The firm's fifty day moving average price is $5.81 and its two-hundred day moving average price is $5.46.

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

IAMGOLD 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.