Creative Planning Has $57,000 Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Creative Planning decreased its position in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 27.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,902 shares of the mining company’s stock after selling 4,217 shares during the period. Creative Planning’s holdings in IAMGOLD were worth $57,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. ORG Partners LLC acquired a new position in IAMGOLD in the third quarter valued at about $29,000. TIAA Trust National Association acquired a new position in shares of IAMGOLD in the 2nd quarter valued at approximately $38,000. WINTON GROUP Ltd bought a new stake in IAMGOLD during the 2nd quarter worth approximately $52,000. Banque Cantonale Vaudoise acquired a new stake in IAMGOLD during the 2nd quarter worth approximately $56,000. Finally, Cetera Advisors LLC acquired a new stake in IAMGOLD during the 1st quarter worth approximately $50,000. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Performance

Shares of NYSE IAG opened at $5.03 on Wednesday. The stock has a market capitalization of $2.87 billion, a PE ratio of 4.08 and a beta of 1.57. IAMGOLD Co. has a 52 week low of $2.11 and a 52 week high of $6.37. The stock has a 50 day moving average price of $5.28 and a 200 day moving average price of $4.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.34.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IAG shares. National Bank Financial raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research report on Monday. CIBC increased their price objective on IAMGOLD from $5.40 to $6.40 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating and lifted their target price for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.68.

IAMGOLD Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.