Leuthold Group LLC Purchases 312,504 Shares of IAMGOLD Co. (NYSE:IAG)

Leuthold Group LLC raised its holdings in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 55.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 876,813 shares of the mining company’s stock after buying an additional 312,504 shares during the period. Leuthold Group LLC’s holdings in IAMGOLD were worth $4,524,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IAG. Allspring Global Investments Holdings LLC boosted its holdings in IAMGOLD by 1,973.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,012,000 shares of the mining company’s stock worth $5,311,000 after acquiring an additional 963,200 shares during the last quarter. Eastern Bank bought a new position in shares of IAMGOLD during the 3rd quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new position in shares of IAMGOLD in the 3rd quarter worth approximately $700,000. Semanteon Capital Management LP purchased a new position in shares of IAMGOLD in the 3rd quarter worth approximately $503,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of IAMGOLD in the third quarter valued at approximately $231,000. Institutional investors and hedge funds own 47.08% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on IAG. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, StockNews.com raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, IAMGOLD currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.57.

IAMGOLD Trading Down 9.0 %

Shares of IAMGOLD stock opened at $5.75 on Friday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 4.49 and a beta of 1.56. IAMGOLD Co. has a 52-week low of $2.51 and a 52-week high of $6.69. 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 stock’s 50-day simple moving average is $5.76 and its 200 day simple moving average is $5.39.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%. As a group, research analysts anticipate that IAMGOLD Co. will post 0.57 EPS for the current year.

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.