Bogle Investment Management L P DE Has $7.62 Million Stake in IAMGOLD Corp (IAG)
Bogle Investment Management L P DE lifted its stake in shares of IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 30.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,307,394 shares of the mining company’s stock after buying an additional 305,303 shares during the period. Bogle Investment Management L P DE’s holdings in IAMGOLD were worth $7,622,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. James Investment Research Inc. acquired a new stake in shares of IAMGOLD during the 4th quarter worth $105,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of IAMGOLD by 102.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock worth $110,000 after purchasing an additional 10,773 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of IAMGOLD during the 3rd quarter worth $130,000. Fox Run Management L.L.C. grew its holdings in shares of IAMGOLD by 121.2% during the 4th quarter. Fox Run Management L.L.C. now owns 26,325 shares of the mining company’s stock worth $153,000 after purchasing an additional 14,425 shares in the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of IAMGOLD by 113.9% during the 3rd quarter. U S Global Investors Inc. now owns 28,955 shares of the mining company’s stock worth $177,000 after purchasing an additional 15,419 shares in the last quarter. 58.09% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on IAG shares. Zacks Investment Research raised IAMGOLD from a “hold” rating to a “strong-buy” rating and set a $6.75 target price on the stock in a report on Wednesday, January 10th. Royal Bank of Canada set a $7.00 target price on IAMGOLD and gave the stock a “hold” rating in a report on Friday, November 10th. TheStreet lowered IAMGOLD from a “b” rating to a “c+” rating in a report on Thursday, November 16th. CIBC set a $7.50 target price on IAMGOLD and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Finally, BMO Capital Markets set a $7.00 target price on IAMGOLD and gave the stock a “buy” rating in a report on Tuesday, December 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.07.
IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Wednesday, February 21st. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). The business had revenue of $291.10 million during the quarter, compared to analyst estimates of $280.04 million. IAMGOLD had a net margin of 45.81% and a return on equity of 1.08%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share. equities analysts predict that IAMGOLD Corp will post 0.11 EPS for the current fiscal year.
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IAMGOLD Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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