IAMGOLD Co. (NYSE:IAG) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,617 shares of the mining company’s stock after buying an additional 17,891 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of IAMGOLD worth $2,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of IAMGOLD in the third quarter valued at approximately $29,000. Eastern Bank purchased a new stake in IAMGOLD in the 3rd quarter valued at $30,000. TIAA Trust National Association acquired a new stake in IAMGOLD during the 2nd quarter worth $38,000. Cetera Advisors LLC purchased a new position in IAMGOLD during the 1st quarter worth $50,000. Finally, WINTON GROUP Ltd acquired a new position in IAMGOLD in the second quarter valued at $52,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

IAMGOLD Trading Down 4.3 %

Shares of IAG stock opened at $5.35 on Monday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 4.18 and a beta of 1.56. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $5.36 and a 200 day moving average price of $4.71. IAMGOLD Co. has a twelve month low of $2.11 and a twelve month high of $6.37.

Analyst Ratings Changes

IAG has been the topic of several recent research reports. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. National Bank Financial raised IAMGOLD from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.68.

About IAMGOLD

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.