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Anson Funds Management LP Makes New Investment in IAMGOLD Co. (NYSE:IAG)

IAMGOLD logo with Basic Materials background

Anson Funds Management LP bought a new position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the mining company's stock, valued at approximately $775,000.

A number of other large investors have also modified their holdings of IAG. Orion Resource Partners LP purchased a new position in shares of IAMGOLD in the fourth quarter valued at $205,000. The Manufacturers Life Insurance Company boosted its position in IAMGOLD by 4.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 490,296 shares of the mining company's stock valued at $2,538,000 after buying an additional 18,679 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of IAMGOLD by 63.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 18,986 shares of the mining company's stock worth $98,000 after acquiring an additional 7,359 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of IAMGOLD during the fourth quarter worth about $514,000. Finally, Tradition Wealth Management LLC purchased a new position in IAMGOLD in the fourth quarter valued at about $119,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IAG. Raymond James reaffirmed a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a research report on Friday, April 4th. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. CIBC boosted their target price on shares of IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a research report on Thursday. Scotiabank upped their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $7.70.

View Our Latest Report on IAMGOLD

IAMGOLD Stock Performance

IAG traded down $0.05 on Thursday, hitting $6.90. 10,783,396 shares of the company's stock were exchanged, compared to its average volume of 10,384,156. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $6.48 and a two-hundred day moving average of $5.94. IAMGOLD Co. has a twelve month low of $3.44 and a twelve month high of $8.38. The firm has a market cap of $3.97 billion, a PE ratio of 4.76 and a beta of 1.20.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $457.23 million for the quarter, compared to the consensus estimate of $578.70 million. On average, research analysts anticipate that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

IAMGOLD Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IAMGOLD (NYSE:IAG)

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