Rathbones Group PLC Sells 6,000 Shares of IAMGOLD Co. (NYSE:IAG)

Rathbones Group PLC trimmed its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,890 shares of the mining company’s stock after selling 6,000 shares during the period. Rathbones Group PLC’s holdings in IAMGOLD were worth $216,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Verition Fund Management LLC acquired a new stake in shares of IAMGOLD during the third quarter worth $114,000. National Bank of Canada FI raised its position in shares of IAMGOLD by 48.8% in the 3rd quarter. National Bank of Canada FI now owns 1,914,730 shares of the mining company’s stock valued at $10,018,000 after buying an additional 628,253 shares in the last quarter. XTX Topco Ltd increased its position in IAMGOLD by 84.5% during the 3rd quarter. XTX Topco Ltd now owns 118,740 shares of the mining company’s stock worth $621,000 after purchasing an additional 54,392 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in IAMGOLD during the 3rd quarter worth approximately $1,083,000. Finally, Geode Capital Management LLC boosted its stake in shares of IAMGOLD by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock valued at $1,392,000 after purchasing an additional 6,874 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company’s stock.

IAMGOLD Price Performance

Shares of IAG stock opened at $6.51 on Thursday. The stock’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $5.64. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 4.49 and a beta of 1.52. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $6.69. 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 (NYSE:IAG) (TSE:IMG) last announced its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million. As a group, equities analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IAG shares. Raymond James reiterated a “market perform” rating and issued a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. CIBC reissued an “outperform” rating on shares of IAMGOLD in a research report on Thursday, March 20th. Finally, StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.23.

About IAMGOLD

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.