Anson Funds Management LP Purchases Shares of 150,000 IAMGOLD Co. (NYSE:IAG)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its stake in IAMGOLD by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock worth $187,000 after purchasing an additional 1,836 shares during the period. CIBC Asset Management Inc lifted its stake in IAMGOLD by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company's stock valued at $3,615,000 after acquiring an additional 2,848 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of IAMGOLD by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock valued at $181,000 after purchasing an additional 3,961 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of IAMGOLD by 4.6% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company's stock valued at $473,000 after buying an additional 4,013 shares during the period. Finally, Freedom Investment Management Inc. boosted its position in IAMGOLD by 4.2% in the fourth quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company's stock worth $561,000 after purchasing an additional 4,399 shares during the last quarter. Institutional investors own 47.08% of the company's stock.

IAMGOLD Trading Up 6.0 %

Shares of NYSE:IAG traded up $0.42 during trading on Tuesday, reaching $7.38. 17,971,013 shares of the company were exchanged, compared to its average volume of 10,315,580. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The business's fifty day simple moving average is $6.41 and its 200-day simple moving average is $5.92. The firm has a market capitalization of $4.24 billion, a PE ratio of 5.09 and a beta of 1.20. IAMGOLD Co. has a 12-month low of $3.44 and a 12-month high of $8.38.

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 for the quarter, missing the consensus estimate of $0.12 by ($0.02). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. On average, research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on IAG shares. CIBC reiterated an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. BMO Capital Markets started coverage on IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Raymond James reissued a "market perform" rating and set a $8.00 price objective on shares of IAMGOLD in a research note on Friday, April 4th. StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Scotiabank increased their price objective on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $7.57.

IAMGOLD Profile

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.