CIBC Asset Management Inc boosted its holdings in shares of Iamgold Corp (NYSE:IAG) (TSE:IMG) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 255,886 shares of the mining company’s stock after purchasing an additional 7,896 shares during the period. CIBC Asset Management Inc’s holdings in Iamgold were worth $939,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Van ECK Associates Corp grew its position in Iamgold by 2.5% during the 4th quarter. Van ECK Associates Corp now owns 71,006,386 shares of the mining company’s stock worth $261,303,000 after purchasing an additional 1,760,096 shares during the last quarter. Donald Smith & CO. Inc. grew its position in Iamgold by 3.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 32,166,891 shares of the mining company’s stock worth $118,374,000 after purchasing an additional 1,179,544 shares during the last quarter. Renaissance Technologies LLC grew its position in Iamgold by 2.3% during the 3rd quarter. Renaissance Technologies LLC now owns 20,818,196 shares of the mining company’s stock worth $76,611,000 after purchasing an additional 466,296 shares during the last quarter. JPMorgan Chase & Co. grew its position in Iamgold by 723.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,045,048 shares of the mining company’s stock worth $48,006,000 after purchasing an additional 11,461,355 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Iamgold by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,372,941 shares of the mining company’s stock worth $41,852,000 after purchasing an additional 399,459 shares during the last quarter. 58.16% of the stock is currently owned by institutional investors.

IAG stock opened at $3.47 on Friday. Iamgold Corp has a one year low of $2.75 and a one year high of $6.33. The firm has a market capitalization of $1.70 billion, a PE ratio of 57.83, a PEG ratio of 21.67 and a beta of -0.35. The company has a quick ratio of 3.57, a current ratio of 4.78 and a debt-to-equity ratio of 0.14.

Iamgold (NYSE:IAG) (TSE:IMG) last released its earnings results on Wednesday, February 20th. The mining company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Iamgold had a positive return on equity of 1.07% and a negative net margin of 2.54%. The firm had revenue of $274.30 million during the quarter, compared to analyst estimates of $273.84 million. During the same quarter last year, the business posted ($0.03) EPS. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, research analysts expect that Iamgold Corp will post 0.06 EPS for the current year.

IAG has been the subject of several recent analyst reports. Credit Suisse Group upgraded shares of Iamgold from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 19th. Desjardins upgraded shares of Iamgold from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. BMO Capital Markets restated a “buy” rating on shares of Iamgold in a research note on Friday, February 15th. Canaccord Genuity restated a “buy” rating on shares of Iamgold in a research note on Friday, February 15th. Finally, Macquarie upgraded shares of Iamgold from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $2.75 to $2.83 in a research note on Tuesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.19.

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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 interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Institutional Ownership by Quarter for Iamgold (NYSE:IAG)

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