DORCHESTER WEALTH MANAGEMENT Co Sells 5,750 Shares of IAMGOLD Co. (NYSE:IAG)

DORCHESTER WEALTH MANAGEMENT Co lowered its position in IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,550 shares of the mining company’s stock after selling 5,750 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in IAMGOLD were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IAG. Allspring Global Investments Holdings LLC raised its position in shares of IAMGOLD by 1,973.8% in 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 in the last quarter. Eastern Bank bought a new position in shares of IAMGOLD in the 3rd quarter worth approximately $30,000. International Assets Investment Management LLC bought a new position in shares of IAMGOLD in the 3rd quarter worth approximately $700,000. Leuthold Group LLC bought a new position in shares of IAMGOLD in the 3rd quarter worth approximately $2,951,000. Finally, Semanteon Capital Management LP bought a new position in shares of IAMGOLD in the 3rd quarter worth approximately $503,000. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Stock Performance

Shares of IAG opened at $5.75 on Friday. The business’s fifty day simple moving average is $5.76 and its two-hundred day simple moving average is $5.42. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD Co. has a 12 month low of $2.51 and a 12 month high of $6.69. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 3.96 and a beta of 1.56.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued 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). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $469.90 million for the quarter, compared to analysts’ expectations of $498.68 million. Research analysts anticipate that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About IAMGOLD

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.