101,831 Shares in Iamgold Corporation $IAG Purchased by Themes Management Co LLC

Themes Management Co LLC acquired a new stake in shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) during the 4th quarter, Holdings Channel reports. The fund acquired 101,831 shares of the mining company’s stock, valued at approximately $1,680,000. Iamgold makes up 1.3% of Themes Management Co LLC’s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAG. Rathbones Group PLC increased its stake in shares of Iamgold by 1,037,042.8% during the 4th quarter. Rathbones Group PLC now owns 418,901,982 shares of the mining company’s stock valued at $6,907,694,000 after acquiring an additional 418,861,592 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Iamgold by 35.7% during the 3rd quarter. Van ECK Associates Corp now owns 51,992,067 shares of the mining company’s stock worth $672,253,000 after acquiring an additional 13,691,148 shares during the period. Vanguard Group Inc. boosted its position in shares of Iamgold by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 23,836,156 shares of the mining company’s stock worth $393,328,000 after acquiring an additional 1,068,465 shares during the last quarter. Bank of America Corp DE grew its holdings in Iamgold by 16.4% in the third quarter. Bank of America Corp DE now owns 11,194,505 shares of the mining company’s stock valued at $144,745,000 after purchasing an additional 1,581,064 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Iamgold by 46.9% in the third quarter. Mackenzie Financial Corp now owns 11,181,693 shares of the mining company’s stock valued at $144,430,000 after purchasing an additional 3,567,399 shares during the period. Hedge funds and other institutional investors own 47.08% of the company’s stock.

Iamgold Trading Down 0.0%

NYSE IAG opened at $16.52 on Tuesday. Iamgold Corporation has a one year low of $6.57 and a one year high of $24.87. The company’s 50 day moving average price is $18.07 and its 200 day moving average price is $17.98. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.81 and a beta of 1.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.89.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its earnings results on Tuesday, May 5th. The mining company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $955.17 million. Iamgold had a net margin of 29.49% and a return on equity of 26.65%. On average, sell-side analysts predict that Iamgold Corporation will post 2.24 EPS for the current year.

Insider Transactions at Iamgold

In other Iamgold news, Director David Stewart Smith sold 31,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $32.87, for a total value of $1,018,970.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $657,400. This trade represents a 60.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

IAG has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Iamgold from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Scotiabank boosted their price objective on shares of Iamgold to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Iamgold in a report on Wednesday, February 4th. TD Securities reaffirmed a “buy” rating on shares of Iamgold in a research report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Iamgold in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

Iamgold Profile

IAMGOLD Corporation, founded in 1990 and headquartered in Toronto, is a mid-tier gold producer engaged in the exploration, development and operation of gold mining assets. The company’s primary focus is on the discovery and extraction of gold, with a portfolio that spans both operating mines and advanced development projects. IAMGOLD combines in-house technical expertise with strategic partnerships to advance projects from exploration through to production.

The company’s principal producing assets include the Essakane gold mine in Burkina Faso, which began commercial production in 2010, and the Westwood underground gold mine in Quebec’s Abitibi region.