Walleye Capital LLC Sells 462,903 Shares of IAMGOLD Co. (NYSE:IAG)

Walleye Capital LLC decreased its stake in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 93.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,479 shares of the mining company’s stock after selling 462,903 shares during the period. Walleye Capital LLC’s holdings in IAMGOLD were worth $175,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IAG. Millennium Management LLC boosted its stake in IAMGOLD by 194.2% during the second quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock worth $29,573,000 after acquiring an additional 5,204,715 shares in the last quarter. FMR LLC boosted its stake in IAMGOLD by 107.9% during the third quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after acquiring an additional 4,577,599 shares in the last quarter. Van ECK Associates Corp boosted its stake in IAMGOLD by 8.8% during the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock worth $276,639,000 after acquiring an additional 4,267,084 shares in the last quarter. Bank of Montreal Can boosted its stake in IAMGOLD by 130.6% during the third quarter. Bank of Montreal Can now owns 5,384,778 shares of the mining company’s stock worth $28,385,000 after acquiring an additional 3,049,252 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in IAMGOLD by 158.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company’s stock worth $24,301,000 after acquiring an additional 2,839,556 shares in the last quarter. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Up 5.0 %

IAG opened at $5.91 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $5.38 and a 200-day moving average price of $4.74. IAMGOLD Co. has a twelve month low of $2.11 and a twelve month high of $6.37. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 4.62 and a beta of 1.56.

Analyst Upgrades and Downgrades

IAG has been the topic of several research reports. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. CIBC upgraded shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Scotiabank upped their target price on shares of IAMGOLD from $4.75 to $5.50 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.