IAMGOLD Co. (NYSE:IAG) Holdings Lifted by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,742,119 shares of the mining company’s stock after buying an additional 87,743 shares during the quarter. Nuveen Asset Management LLC owned 0.48% of IAMGOLD worth $14,166,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IAG. Tobam acquired a new stake in IAMGOLD during the 4th quarter worth about $25,000. Blue Trust Inc. boosted its position in IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock worth $47,000 after acquiring an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC acquired a new stake in IAMGOLD during the 4th quarter worth about $56,000. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD during the 4th quarter worth about $68,000. Finally, Choreo LLC acquired a new stake in IAMGOLD during the 4th quarter worth about $88,000. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Up 2.5%

IAG opened at $6.74 on Monday. The business has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.01. IAMGOLD Co. has a twelve month low of $3.44 and a twelve month high of $8.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market cap of $3.87 billion, a P/E ratio of 4.64 and a beta of 1.20.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The firm had revenue of $457.23 million during the quarter, compared to analyst estimates of $578.70 million. Research analysts forecast that IAMGOLD Co. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IAG shares. CIBC raised their price objective on IAMGOLD from $8.40 to $9.20 and gave the stock an “outperformer” rating in a research report on Thursday, May 8th. Wall Street Zen downgraded IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BMO Capital Markets initiated coverage on IAMGOLD in a research note on Wednesday, April 16th. They issued an “outperform” rating for the company. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Scotiabank boosted their price target on IAMGOLD from $7.50 to $7.75 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.74.

IAMGOLD Company 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.