2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lifted its position in IAMGOLD Co. ( NYSE:IAG – Free Report ) (TSE:IMG) by 153.
1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 562,937 shares of the mining company’s stock after buying an additional 340,535 shares during the period. Russell Investments Group Ltd.
owned about 0.10% of IAMGOLD worth $2,906,000 as of its most recent SEC filing. A number of other large investors have also made changes to their positions in the company.
Franklin Resources Inc. raised its holdings in shares of IAMGOLD by 5.3% during the fourth quarter.
Franklin Resources Inc. now owns 36,156 shares of the mining company’s stock worth $187,000 after acquiring an additional 1,836 shares during the period. CIBC Asset Management Inc increased its holdings in IAMGOLD by 0.
4% during the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company’s stock worth $3,615,000 after purchasing an additional 2,848 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of IAMGOLD by 12.
7% in the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock valued at $181,000 after purchasing an additional 3,961 shares during the period. Northwest & Ethical Investments L.
P. lifted its holdings in shares of IAMGOLD by 4.6% in the fourth quarter.
Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company’s stock valued at $473,000 after purchasing an additional 4,013 shares in the last quarter.
Finally, Tobam acquired a new position in shares of IAMGOLD during the fourth quarter worth about $25,000. Institutional investors own 47.08% of the company’s stock.
IAMGOLD Price Performance Shares of IAG opened at $7.82 on Friday. 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’s fifty day simple moving average is $6.16 and its 200 day simple moving average is $5.72.
IAMGOLD Co. has a 1-year low of $3.44 and a 1-year high of $8.
38. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 5.
39 and a beta of 1.52. Analysts Set New Price Targets A number of brokerages recently issued reports on IAG.
Scotiabank lifted their target price on IAMGOLD from $6.75 to $7.50 and gave the company a “sector perform” rating in a research report on Monday.
CIBC reiterated an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. BMO Capital Markets started coverage on shares of IAMGOLD in a research report on Wednesday. They issued an “outperform” rating on the stock.
National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Raymond James reiterated a “market perform” rating and issued a $8.00 price target on shares of IAMGOLD in a research note on Friday, April 4th.
Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.57.
Check Out Our Latest Stock Report on IAMGOLD IAMGOLD Profile ( Free Report ) 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. See Also Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.
com's FREE daily email newsletter ..
