Cerity Partners LLC Takes Position in IAMGOLD Co. (NYSE:IAG)

Cerity Partners LLC bought a new stake in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 58,775 shares of the mining company’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IAG. Russell Investments Group Ltd. boosted its stake in shares of IAMGOLD by 153.1% during the fourth quarter. Russell Investments Group Ltd. now owns 562,937 shares of the mining company’s stock worth $2,906,000 after buying an additional 340,535 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of IAMGOLD by 0.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company’s stock worth $161,167,000 after purchasing an additional 216,751 shares during the last quarter. Trexquant Investment LP acquired a new position in IAMGOLD in the 4th quarter valued at $5,968,000. Geode Capital Management LLC increased its stake in shares of IAMGOLD by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 274,756 shares of the mining company’s stock worth $1,435,000 after acquiring an additional 10,468 shares during the period. Finally, RCF Management L.L.C. purchased a new stake in shares of IAMGOLD during the 4th quarter worth $128,174,000. Hedge funds and other institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Down 5.4 %

IAMGOLD stock opened at $7.23 on Thursday. The company’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $5.79. 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 stock has a market cap of $4.16 billion, a price-to-earnings ratio of 4.99 and a beta of 1.52. IAMGOLD Co. has a 52 week low of $3.44 and a 52 week high of $8.38.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $469.90 million for the quarter, compared to the consensus estimate of $498.68 million. On average, analysts expect that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IAG has been the subject of several recent research reports. CIBC restated an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. BMO Capital Markets assumed coverage on IAMGOLD in a report on Wednesday, April 16th. They issued an “outperform” rating for the company. StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Scotiabank increased their target price on IAMGOLD from $6.75 to $7.50 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.57.

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.