EAM Global Investors LLC Acquires New Position in IAMGOLD Co. (NYSE:IAG)

EAM Global Investors LLC bought a new position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,040,527 shares of the mining company’s stock, valued at approximately $5,372,000. EAM Global Investors LLC owned about 0.18% of IAMGOLD at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Donald Smith & CO. Inc. boosted its position in IAMGOLD by 0.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company’s stock valued at $161,167,000 after buying an additional 216,751 shares in the last quarter. RCF Management L.L.C. bought a new stake in IAMGOLD during the 4th quarter worth $128,174,000. Vanguard Group Inc. increased its holdings in IAMGOLD by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company’s stock worth $109,741,000 after purchasing an additional 321,458 shares in the last quarter. American Century Companies Inc. raised its position in IAMGOLD by 25.9% in the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock valued at $52,499,000 after purchasing an additional 2,092,803 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of IAMGOLD by 41.6% during the fourth quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company’s stock valued at $36,842,000 after purchasing an additional 2,098,215 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Scotiabank upped their price objective on IAMGOLD from $6.75 to $7.50 and gave the company a “sector perform” rating in a research note on Monday. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. CIBC reiterated an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. StockNews.com downgraded IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Raymond James reaffirmed a “market perform” rating and set a $8.00 target price on shares of IAMGOLD in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.57.

IAMGOLD Price Performance

IAG stock opened at $7.45 on Wednesday. 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 company’s fifty day simple moving average is $6.10 and its 200 day simple moving average is $5.69. IAMGOLD Co. has a 12-month low of $3.44 and a 12-month high of $7.83. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 5.13 and a beta of 1.52.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate 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%. On average, analysts expect that IAMGOLD Co. will post 0.67 earnings per share 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.