Rathbones Group PLC Lowers Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Rathbones Group PLC cut its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,890 shares of the mining company’s stock after selling 6,000 shares during the quarter. Rathbones Group PLC’s holdings in IAMGOLD were worth $216,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Tobam acquired a new stake in IAMGOLD during the fourth quarter worth about $25,000. Blue Trust Inc. lifted its holdings in shares of IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock worth $47,000 after purchasing an additional 5,511 shares during the last quarter. Raab & Moskowitz Asset Management LLC acquired a new stake in IAMGOLD in the 4th quarter valued at approximately $56,000. Atria Wealth Solutions Inc. acquired a new stake in IAMGOLD in the 4th quarter valued at approximately $68,000. Finally, Choreo LLC acquired a new position in shares of IAMGOLD during the 4th quarter valued at $88,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

IAMGOLD Trading Up 12.0 %

IAMGOLD stock opened at $6.51 on Thursday. IAMGOLD Co. has a one year low of $3.44 and a one year high of $6.69. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 4.49 and a beta of 1.52. The firm has a 50-day moving average of $6.04 and a 200-day moving average of $5.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

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). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million for the quarter, compared to the consensus estimate of $498.68 million. On average, equities analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Raymond James reaffirmed a “market perform” rating and issued a $8.00 price target on shares of IAMGOLD in a research report on Friday, April 4th. CIBC restated an “outperform” rating on shares of IAMGOLD in a research note on Thursday, March 20th. Finally, National Bank Financial raised IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, IAMGOLD presently has a consensus rating of “Moderate Buy” and an average price target of $7.23.

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.