IAMGOLD Co. (NYSE:IAG) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,104,000 shares of the mining company’s stock after acquiring an additional 29,100 shares during the period. Swiss National Bank owned approximately 0.23% of IAMGOLD worth $2,829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IAG. Great West Life Assurance Co. Can lifted its stake in shares of IAMGOLD by 23.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 36,927 shares of the mining company’s stock valued at $137,000 after purchasing an additional 6,913 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in IAMGOLD by 14.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,349 shares of the mining company’s stock valued at $157,000 after buying an additional 7,890 shares in the last quarter. Citigroup Inc. purchased a new stake in IAMGOLD during the first quarter worth approximately $31,000. Legal & General Group Plc increased its position in shares of IAMGOLD by 3.7% in the second quarter. Legal & General Group Plc now owns 309,954 shares of the mining company’s stock worth $497,000 after acquiring an additional 11,012 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of IAMGOLD by 2.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 488,427 shares of the mining company’s stock valued at $1,700,000 after acquiring an additional 11,047 shares during the period. 48.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IAG has been the subject of several recent research reports. National Bank Financial lowered their price target on IAMGOLD from C$4.10 to C$4.00 in a report on Tuesday, February 14th. StockNews.com assumed coverage on IAMGOLD in a report on Thursday, May 18th. They set a “hold” rating on the stock. BMO Capital Markets began coverage on IAMGOLD in a report on Monday, May 1st. They issued an “outperform” rating and a $3.25 price target for the company. Finally, Raymond James lifted their price objective on shares of IAMGOLD from $2.00 to $2.25 and gave the company an “underperform” rating in a research note on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.89.

IAMGOLD Stock Performance

Shares of IAG opened at $2.87 on Wednesday. IAMGOLD Co. has a 52-week low of $0.92 and a 52-week high of $3.34. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -16.00, a PEG ratio of 29.24 and a beta of 1.46. The business’s 50 day moving average is $2.87 and its two-hundred day moving average is $2.51.

IAMGOLD Profile

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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. It owns and operates the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario. The firm also operates the Rosebel mine in Suriname, the Essakane mine in Burkina Faso, the Saramacca project, an exploration project located in Suriname, the Boto project, an exploration project located in Senegal.