IAMGOLD Co. (NYSE:IAG) Shares Sold by Barclays PLC

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tobam acquired a new position in shares of IAMGOLD in the fourth quarter worth about $25,000. Blue Trust Inc. increased its holdings in IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after purchasing an additional 5,511 shares during the last quarter. Raab & Moskowitz Asset Management LLC acquired a new position in shares of IAMGOLD in the 4th quarter valued at approximately $56,000. Atria Wealth Solutions Inc. acquired a new stake in shares of IAMGOLD during the fourth quarter worth approximately $68,000. Finally, Choreo LLC acquired a new stake in shares of IAMGOLD during the fourth quarter worth approximately $88,000. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Stock Performance

Shares of NYSE IAG traded up $0.21 during mid-day trading on Monday, hitting $6.93. The company had a trading volume of 15,351,247 shares, compared to its average volume of 10,260,716. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $8.38. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 4.78 and a beta of 1.52. 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 firm's 50 day simple moving average is $6.39 and its two-hundred day simple moving average is $5.91.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. As a group, equities research analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

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

About IAMGOLD

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.