Jupiter Asset Management Ltd. Has $938,000 Stock Holdings in Iamgold Corporation $IAG

Jupiter Asset Management Ltd. reduced its holdings in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 52.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,612 shares of the mining company’s stock after selling 79,811 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Iamgold were worth $938,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Tsfg LLC acquired a new position in shares of Iamgold during the third quarter worth $26,000. Banque Transatlantique SA bought a new position in Iamgold during the 2nd quarter worth $26,000. Tableaux LLC bought a new position in Iamgold during the 2nd quarter worth $61,000. Olympiad Research LP acquired a new position in Iamgold during the 2nd quarter worth about $87,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Iamgold in the 2nd quarter valued at about $90,000. Institutional investors own 47.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Iamgold from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research downgraded shares of Iamgold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Iamgold in a research report on Wednesday, February 4th. TD Securities reaffirmed a “buy” rating on shares of Iamgold in a research note on Thursday. Finally, Scotiabank lifted their target price on shares of Iamgold to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Iamgold Stock Performance

Shares of IAG stock opened at $22.24 on Monday. The firm has a 50 day moving average of $18.66 and a 200-day moving average of $14.33. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 0.26 and a beta of 1.36. The company has a quick ratio of 1.02, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. Iamgold Corporation has a 52 week low of $5.02 and a 52 week high of $23.06.

Iamgold (NYSE:IAG) (TSE:IMG) last issued its earnings results on Tuesday, February 17th. The mining company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.15. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Iamgold had a net margin of 23.29% and a return on equity of 19.26%. On average, equities analysts forecast that Iamgold Corporation will post 0.67 earnings per share for the current year.

About Iamgold

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.