Barclays PLC Sells 80,450 Shares of IAMGOLD Co. (NYSE:IAG)

Barclays PLC cut its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 16.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 416,927 shares of the mining company's stock after selling 80,450 shares during the period. Barclays PLC owned 0.07% of IAMGOLD worth $2,151,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RCF Management L.L.C. acquired a new position in shares of IAMGOLD in the 4th quarter worth approximately $128,174,000. Invesco Ltd. lifted its stake in IAMGOLD by 41.6% during the fourth quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company's stock valued at $36,842,000 after buying an additional 2,098,215 shares in the last quarter. American Century Companies Inc. boosted its position in IAMGOLD by 25.9% during the 4th quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company's stock worth $52,499,000 after acquiring an additional 2,092,803 shares during the period. Cibc World Market Inc. grew its holdings in shares of IAMGOLD by 54.0% during the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after acquiring an additional 1,795,869 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of IAMGOLD by 158.4% during the 4th quarter. Intact Investment Management Inc. now owns 2,733,450 shares of the mining company's stock valued at $14,127,000 after buying an additional 1,675,440 shares during the last quarter. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IAG shares. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Scotiabank raised their price target on IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a report on Monday, April 14th. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. CIBC restated an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. Finally, BMO Capital Markets initiated coverage on IAMGOLD in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.57.

IAMGOLD Stock Down 5.6 %

NYSE:IAG traded down $0.42 during trading hours on Wednesday, reaching $6.95. The company had a trading volume of 21,763,914 shares, compared to its average volume of 10,381,531. 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 $3.99 billion, a price-to-earnings ratio of 4.79 and a beta of 1.20. The business's 50-day simple moving average is $6.48 and its two-hundred day simple moving average is $5.94. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

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

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.