Dimensional Fund Advisors LP Grows Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Dimensional Fund Advisors LP raised its position in 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 fund owned 9,267,628 shares of the mining company's stock after buying an additional 1,637,158 shares during the period. Dimensional Fund Advisors LP owned 1.62% of IAMGOLD worth $47,818,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Freedom Investment Management Inc. lifted its holdings in IAMGOLD by 4.2% during the fourth quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company's stock worth $561,000 after acquiring an additional 4,399 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of IAMGOLD by 9.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 154,797 shares of the mining company's stock worth $798,000 after purchasing an additional 12,908 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of IAMGOLD by 15.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 453,200 shares of the mining company's stock worth $2,340,000 after buying an additional 60,900 shares during the last quarter. Marshall Wace LLP grew its position in IAMGOLD by 83.6% during the fourth quarter. Marshall Wace LLP now owns 1,999,098 shares of the mining company's stock valued at $10,315,000 after buying an additional 910,381 shares during the period. Finally, EAM Global Investors LLC purchased a new stake in IAMGOLD during the fourth quarter worth about $5,372,000. Institutional investors own 47.08% of the company's stock.

IAMGOLD Price Performance

Shares of IAMGOLD stock remained flat at $6.95 during trading on Thursday. 3,795,155 shares of the stock were exchanged, compared to its average volume of 10,358,983. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $8.38. The firm has a 50-day simple moving average of $6.48 and a 200-day simple moving average of $5.94. The company has a market cap of $4.00 billion, a P/E ratio of 4.79 and a beta of 1.20.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 50.19% and a return on equity of 10.64%. On average, equities research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

IAG has been the topic of a number of research reports. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Raymond James reaffirmed a "market perform" rating and issued a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. CIBC reissued an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets began coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. 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. According to MarketBeat.com, IAMGOLD has a consensus rating of "Moderate Buy" and an average price target 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.