Trexquant Investment LP Takes Position in IAMGOLD Co. (NYSE:IAG)

Trexquant Investment LP bought a new position in 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 1,156,628 shares of the mining company's stock, valued at approximately $5,968,000. Trexquant Investment LP owned about 0.20% of IAMGOLD at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tobam bought a new position in IAMGOLD in the 4th quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in shares of IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after purchasing an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC bought a new stake in shares of IAMGOLD in the fourth quarter worth $56,000. Atria Wealth Solutions Inc. bought a new position in IAMGOLD during the 4th quarter worth $68,000. Finally, Choreo LLC acquired a new position in IAMGOLD during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IAG. CIBC reiterated an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. Raymond James reaffirmed a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a research report on Friday, April 4th. 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 research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, IAMGOLD has an average rating of "Moderate Buy" and an average target price of $7.23.

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IAMGOLD Stock Up 6.0 %

IAG traded up $0.39 during trading on Thursday, reaching $6.90. The stock had a trading volume of 13,713,812 shares, compared to its average volume of 9,943,555. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 4.73 and a beta of 1.52. The stock's 50 day moving average is $6.04 and its two-hundred day moving average is $5.64. IAMGOLD Co. has a one year low of $3.44 and a one year high of $7.01.

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