IAMGOLD Co. (NYSE:IAG) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 453,200 shares of the mining company's stock after acquiring an additional 60,900 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of IAMGOLD worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP raised its holdings in IAMGOLD by 83.6% during the fourth quarter. Marshall Wace LLP now owns 1,999,098 shares of the mining company's stock worth $10,315,000 after purchasing an additional 910,381 shares in the last quarter. EAM Global Investors LLC acquired a new position in IAMGOLD during the fourth quarter worth $5,372,000. EAM Investors LLC purchased a new stake in shares of IAMGOLD during the 4th quarter worth $908,000. XTX Topco Ltd increased its holdings in shares of IAMGOLD by 23.8% in the 4th quarter. XTX Topco Ltd now owns 146,969 shares of the mining company's stock valued at $758,000 after purchasing an additional 28,229 shares in the last quarter. Finally, Mariner LLC lifted its stake in shares of IAMGOLD by 651.0% in the fourth quarter. Mariner LLC now owns 81,691 shares of the mining company's stock valued at $422,000 after purchasing an additional 70,813 shares during the period. Institutional investors and hedge funds own 47.08% of the company's stock.

IAMGOLD Price Performance

Shares of IAG traded down $0.19 during trading hours on Tuesday, reaching $7.01. 2,005,470 shares of the company traded hands, compared to its average volume of 10,139,654. The stock has a market capitalization of $4.03 billion, a PE ratio of 4.84 and a beta of 1.52. The stock has a fifty day simple moving average of $6.30 and a 200 day simple moving average of $5.86. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $8.38. 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 posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The firm had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. As a group, research analysts predict that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IAG has been the subject of a number of research analyst reports. CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Scotiabank lifted their price objective on IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a report on Monday, April 14th. StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets assumed coverage on IAMGOLD in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.