Guggenheim Capital LLC decreased its position in IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 336,023 shares of the mining company’s stock after selling 37,120 shares during the period. Guggenheim Capital LLC owned approximately 0.07% of IAMGOLD worth $1,959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. QS Investors LLC grew its position in IAMGOLD by 1,465.8% in the 4th quarter. QS Investors LLC now owns 661,335 shares of the mining company’s stock worth $3,856,000 after purchasing an additional 619,100 shares during the last quarter. BlueCrest Capital Management Ltd grew its position in IAMGOLD by 21.1% in the 4th quarter. BlueCrest Capital Management Ltd now owns 550,000 shares of the mining company’s stock worth $3,207,000 after purchasing an additional 95,947 shares during the last quarter. Renaissance Technologies LLC grew its position in IAMGOLD by 13.9% in the 4th quarter. Renaissance Technologies LLC now owns 27,774,896 shares of the mining company’s stock worth $161,930,000 after purchasing an additional 3,382,000 shares during the last quarter. Donald Smith & CO. Inc. grew its position in IAMGOLD by 5.5% in the 4th quarter. Donald Smith & CO. Inc. now owns 44,236,577 shares of the mining company’s stock worth $257,899,000 after purchasing an additional 2,288,037 shares during the last quarter. Finally, Scotia Capital Inc. grew its position in IAMGOLD by 69.1% in the 4th quarter. Scotia Capital Inc. now owns 129,005 shares of the mining company’s stock worth $750,000 after purchasing an additional 52,716 shares during the last quarter. Hedge funds and other institutional investors own 57.39% of the company’s stock.

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Several research firms have recently issued reports on IAG. Bank of America upgraded shares of IAMGOLD from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Friday. ValuEngine upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BMO Capital Markets cut shares of IAMGOLD to a “hold” rating in a report on Friday, February 16th. Zacks Investment Research cut shares of IAMGOLD from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, CIBC set a $7.50 price objective on shares of IAMGOLD and gave the company an “outperform” rating in a report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $7.17.

IAMGOLD stock opened at $5.59 on Tuesday. The company has a quick ratio of 4.16, a current ratio of 5.02 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2,602.70, a PE ratio of 93.17, a P/E/G ratio of 16.91 and a beta of -0.18. IAMGOLD Corp has a 12-month low of $3.55 and a 12-month high of $7.25.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its earnings results on Wednesday, February 21st. The mining company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). The business had revenue of $291.10 million for the quarter, compared to the consensus estimate of $280.04 million. IAMGOLD had a return on equity of 1.08% and a net margin of 45.81%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) earnings per share. sell-side analysts anticipate that IAMGOLD Corp will post 0.11 EPS for the current fiscal year.

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IAMGOLD Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Qu├ębec, Canada; the Sadiola Gold Mine located in southwest Mali, West Africa; and Yatela gold mines situated in southwest Mali, West Africa.

Institutional Ownership by Quarter for IAMGOLD (NYSE:IAG)

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