IAMGOLD Co. (NYSE:IAG) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its holdings in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 91,623 shares of the mining company’s stock after buying an additional 4,013 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in IAMGOLD were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAG. GSA Capital Partners LLP acquired a new position in IAMGOLD in the third quarter valued at approximately $296,000. Bank of Montreal Can lifted its stake in 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 last quarter. The Manufacturers Life Insurance Company lifted its stake in IAMGOLD by 3.9% in the third quarter. The Manufacturers Life Insurance Company now owns 471,617 shares of the mining company’s stock valued at $2,474,000 after buying an additional 17,891 shares during the last quarter. FMR LLC lifted its stake in 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 last quarter. Finally, BNP Paribas Financial Markets lifted its stake in IAMGOLD by 368.1% in the third quarter. BNP Paribas Financial Markets now owns 1,521,670 shares of the mining company’s stock valued at $7,772,000 after buying an additional 1,196,564 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of research reports. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. CIBC boosted their price objective on IAMGOLD from $7.60 to $8.40 and gave the company an “outperformer” rating in a research note on Thursday. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.90.

IAMGOLD Trading Down 2.5 %

NYSE:IAG opened at $6.05 on Friday. The stock has a fifty day moving average price of $5.93 and a two-hundred day moving average price of $5.54. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 4.17 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD Co. has a 1 year low of $2.94 and a 1 year high of $6.69.

IAMGOLD (NYSE:IAG) (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 the consensus estimate of $0.15 by ($0.05). The business had revenue of $469.90 million during the quarter, compared to analysts’ expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. As a group, sell-side analysts anticipate that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal 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.