WINTON GROUP Ltd Cuts Stock Position in Iamgold Corporation $IAG

WINTON GROUP Ltd reduced its position in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 23.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 305,068 shares of the mining company’s stock after selling 91,642 shares during the quarter. WINTON GROUP Ltd owned 0.05% of Iamgold worth $5,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IAG. Banque Transatlantique SA purchased a new position in shares of Iamgold in the 2nd quarter worth about $26,000. Global Retirement Partners LLC purchased a new position in shares of Iamgold in the 4th quarter worth about $33,000. FNY Investment Advisers LLC purchased a new position in shares of Iamgold in the 4th quarter worth about $38,000. LOM Asset Management Ltd purchased a new position in shares of Iamgold in the 4th quarter worth about $49,000. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Iamgold by 617.8% in the 4th quarter. Banque Cantonale Vaudoise now owns 2,986 shares of the mining company’s stock worth $49,000 after purchasing an additional 2,570 shares in the last quarter. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

Iamgold Stock Down 10.3%

IAG opened at $15.42 on Friday. The company has a market cap of $8.91 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.74 and a beta of 1.25. The business’s 50-day moving average price is $17.91 and its 200-day moving average price is $18.19. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Iamgold Corporation has a 12 month low of $6.69 and a 12 month high of $24.87.

Iamgold (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Tuesday, May 5th. The mining company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.52 by $0.14. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $955.17 million. Iamgold had a return on equity of 26.65% and a net margin of 29.49%. On average, equities analysts expect that Iamgold Corporation will post 2.27 EPS for the current year.

Analysts Set New Price Targets

IAG has been the topic of a number of recent research reports. TD Securities reaffirmed a “buy” rating on shares of Iamgold in a research note on Thursday, February 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Iamgold in a report on Tuesday, April 21st. Zacks Research downgraded Iamgold from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Scotiabank lifted their price objective on Iamgold to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen upgraded Iamgold from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

About Iamgold

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.