Hartree Partners LP Purchases 193,766 Shares of IAMGOLD Co. (NYSE:IAG)

Hartree Partners LP lifted its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 56.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,766 shares of the mining company’s stock after purchasing an additional 193,766 shares during the period. IAMGOLD comprises 1.0% of Hartree Partners LP’s investment portfolio, making the stock its 26th largest holding. Hartree Partners LP owned approximately 0.09% of IAMGOLD worth $2,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IAG. Allspring Global Investments Holdings LLC increased its stake in IAMGOLD by 27.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company’s stock valued at $6,654,000 after purchasing an additional 277,000 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in IAMGOLD by 368.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,521,670 shares of the mining company’s stock valued at $7,772,000 after buying an additional 1,196,564 shares in the last quarter. Cibc World Market Inc. grew its position in shares of IAMGOLD by 54.0% during the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company’s stock valued at $26,452,000 after purchasing an additional 1,795,869 shares in the last quarter. Triasima Portfolio Management inc. boosted its position in shares of IAMGOLD by 44.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company’s stock valued at $1,820,000 after acquiring an additional 108,524 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in IAMGOLD by 66.6% in the third quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company’s stock worth $7,904,000 after acquiring an additional 604,259 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company’s stock.

IAMGOLD Stock Down 2.3 %

NYSE IAG opened at $6.29 on Friday. The business has a 50 day moving average price of $5.99 and a two-hundred day moving average price of $5.59. The stock has a market cap of $3.60 billion, a PE ratio of 4.33 and a beta of 1.63. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $6.69. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IAG. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. CIBC restated an “outperform” rating on shares of IAMGOLD in a research note on Thursday, March 20th. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, StockNews.com downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, IAMGOLD currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.90.

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.