Dimensional Fund Advisors LP Raises Stock Position in IAMGOLD Co. (NYSE:IAG)

Dimensional Fund Advisors LP raised its holdings in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,267,628 shares of the mining company's stock after acquiring an additional 1,637,158 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.62% of IAMGOLD worth $47,818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in IAG. Donald Smith & CO. Inc. increased its stake in IAMGOLD by 0.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock valued at $161,167,000 after purchasing an additional 216,751 shares during the last quarter. RCF Management L.L.C. purchased a new stake in IAMGOLD in the fourth quarter valued at $128,174,000. Vanguard Group Inc. boosted its stake in IAMGOLD by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock valued at $109,741,000 after acquiring an additional 321,458 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of IAMGOLD by 25.9% during the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company's stock worth $52,499,000 after purchasing an additional 2,092,803 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of IAMGOLD by 41.6% during the fourth quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company's stock worth $36,842,000 after purchasing an additional 2,098,215 shares in the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

IAMGOLD Stock Performance

Shares of IAG stock traded up $0.21 during mid-day trading on Monday, hitting $6.93. The stock had a trading volume of 15,351,247 shares, compared to its average volume of 10,260,725. The firm has a market cap of $3.98 billion, a PE ratio of 4.78 and a beta of 1.52. The company's 50-day simple moving average is $6.39 and its 200-day simple moving average is $5.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $8.38.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced 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 business had revenue of $469.90 million during the quarter, compared to analysts' expectations of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. Sell-side analysts anticipate that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on IAG. Raymond James restated a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a research note on Friday, April 4th. Scotiabank lifted their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a report on Monday, April 14th. CIBC reiterated an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock 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.