IAMGOLD Co. (NYSE:IAG) Stake Lessened by U S Global Investors Inc.

U S Global Investors Inc. lowered its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 11.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 753,291 shares of the mining company's stock after selling 100,823 shares during the quarter. U S Global Investors Inc. owned approximately 0.13% of IAMGOLD worth $3,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tobam bought a new position in shares of IAMGOLD during the fourth quarter worth about $25,000. Blue Trust Inc. boosted its position 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 buying an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC acquired a new stake in IAMGOLD in the 4th quarter valued at approximately $56,000. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD in the 4th quarter valued at approximately $68,000. Finally, Choreo LLC bought a new stake in IAMGOLD during the 4th quarter valued at $88,000. 47.08% of the stock is currently owned by institutional investors.

IAMGOLD Price Performance

Shares of NYSE:IAG traded up $0.01 on Tuesday, reaching $5.55. 11,162,042 shares of the company traded hands, compared to its average volume of 12,053,758. The stock has a market capitalization of $3.17 billion, a PE ratio of 3.82 and a beta of 1.56. 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 company's 50 day moving average is $5.81 and its 200-day moving average is $5.48. IAMGOLD Co. has a fifty-two week low of $2.83 and a fifty-two week high of $6.69.

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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 the consensus estimate of $0.15 by ($0.05). The company 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%. As a group, analysts anticipate that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

IAG has been the topic of a number of research analyst reports. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, CIBC raised IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.57.

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.