Walleye Capital LLC Has $175,000 Stock Position in IAMGOLD Co. (NYSE:IAG)

Walleye Capital LLC cut its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 93.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,479 shares of the mining company's stock after selling 462,903 shares during the period. Walleye Capital LLC's holdings in IAMGOLD were worth $175,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in IAMGOLD in the 3rd quarter valued at about $29,000. Eastern Bank acquired a new position in IAMGOLD during the third quarter valued at approximately $30,000. TIAA Trust National Association acquired a new position in IAMGOLD during the second quarter valued at approximately $38,000. Cetera Advisors LLC acquired a new stake in shares of IAMGOLD in the 1st quarter valued at $50,000. Finally, WINTON GROUP Ltd bought a new position in shares of IAMGOLD in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Analysts Set New Price Targets

IAG has been the subject of several research analyst reports. Scotiabank boosted their target price on IAMGOLD from $4.75 to $5.50 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating and upped their target price for the stock from $7.75 to $10.50 in a report on Tuesday, October 22nd. Finally, National Bank Financial raised IAMGOLD from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.68.

IAMGOLD Trading Down 6.2 %

Shares of IAG stock traded down $0.37 during mid-day trading on Thursday, hitting $5.56. The company's stock had a trading volume of 6,547,481 shares, compared to its average volume of 8,874,790. IAMGOLD Co. has a 52 week low of $2.11 and a 52 week high of $6.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The company's fifty day simple moving average is $5.39 and its 200-day simple moving average is $4.75. The company has a market cap of $3.17 billion, a PE ratio of 4.34 and a beta of 1.56.

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.