Axa grew its position in IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 74.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,418,400 shares of the mining company’s stock after acquiring an additional 604,400 shares during the period. Axa owned about 0.30% of IAMGOLD worth $8,269,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. grew its position in shares of IAMGOLD by 783.0% in the 4th quarter. Alliancebernstein L.P. now owns 290,495 shares of the mining company’s stock valued at $1,694,000 after acquiring an additional 257,595 shares during the period. Bogle Investment Management L P DE grew its position in shares of IAMGOLD by 30.5% in the 4th quarter. Bogle Investment Management L P DE now owns 1,307,394 shares of the mining company’s stock valued at $7,622,000 after acquiring an additional 305,303 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of IAMGOLD in the 4th quarter valued at about $670,000. Ninepoint Partners LP bought a new position in shares of IAMGOLD in the 4th quarter valued at about $1,365,000. Finally, Spark Investment Management LLC boosted its holdings in shares of IAMGOLD by 25.7% during the 4th quarter. Spark Investment Management LLC now owns 406,000 shares of the mining company’s stock worth $2,367,000 after buying an additional 83,000 shares during the period. 57.38% of the stock is owned by institutional investors.
Shares of IAMGOLD Corp (IAG) opened at $4.93 on Wednesday. The company has a quick ratio of 4.16, a current ratio of 5.02 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2,300.00, a PE ratio of 4.61, a price-to-earnings-growth ratio of 16.28 and a beta of -0.17. IAMGOLD Corp has a twelve month low of $3.36 and a twelve month high of $7.25.
Several analysts recently commented on IAG shares. Scotiabank reaffirmed a “hold” rating on shares of IAMGOLD in a report on Tuesday, November 14th. TheStreet downgraded shares of IAMGOLD from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. BMO Capital Markets set a $7.00 target price on shares of IAMGOLD and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, Zacks Investment Research raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating and set a $6.75 target price for the company in a report on Wednesday, January 10th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $7.07.
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IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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