QCM Cayman Ltd. decreased its position in IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,668 shares of the mining company’s stock after selling 9,840 shares during the quarter. QCM Cayman Ltd.’s holdings in IAMGOLD were worth $33,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in IAG. Amundi Pioneer Asset Management Inc. grew its stake in shares of IAMGOLD by 46.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,989,092 shares of the mining company’s stock valued at $6,902,000 after buying an additional 626,792 shares in the last quarter. Millennium Management LLC boosted its position in IAMGOLD by 339.4% during the second quarter. Millennium Management LLC now owns 136,536 shares of the mining company’s stock worth $403,000 after purchasing an additional 105,461 shares during the period. SG Americas Securities LLC bought a new stake in IAMGOLD during the third quarter worth approximately $320,000. Russell Investments Group Ltd. boosted its position in IAMGOLD by 23.5% during the third quarter. Russell Investments Group Ltd. now owns 2,022,204 shares of the mining company’s stock worth $4,569,000 after purchasing an additional 384,271 shares during the period. Finally, BlackRock Inc. boosted its position in IAMGOLD by 336.2% during the third quarter. BlackRock Inc. now owns 42,638 shares of the mining company’s stock worth $96,000 after purchasing an additional 32,864 shares during the period. 49.21% of the stock is owned by institutional investors and hedge funds.
Shares of IAG stock traded down $0.08 during trading hours on Tuesday, hitting $2.10. 10,787,365 shares of the company’s stock were exchanged, compared to its average volume of 8,056,417. The stock’s 50-day moving average is $3.11 and its 200-day moving average is $3.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.57 and a quick ratio of 1.07. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -4.00, a price-to-earnings-growth ratio of 9.56 and a beta of 1.15. IAMGOLD Co. has a 52 week low of $1.96 and a 52 week high of $3.85.
IAG has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered IAMGOLD from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Royal Bank of Canada lowered IAMGOLD from a “sector perform” rating to an “underperform” rating and set a $2.00 price target for the company. in a report on Wednesday, April 20th. Canaccord Genuity Group lowered IAMGOLD from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Stifel Nicolaus lowered IAMGOLD from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Finally, National Bank Financial lowered IAMGOLD from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 5th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, IAMGOLD has an average rating of “Hold” and a consensus target price of $3.35.
IAMGOLD Profile (Get Rating)
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.
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