EAM Global Investors LLC Invests $5.37 Million in IAMGOLD Co. (NYSE:IAG)

EAM Global Investors LLC purchased a new stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,040,527 shares of the mining company's stock, valued at approximately $5,372,000. EAM Global Investors LLC owned 0.18% of IAMGOLD as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tobam acquired a new stake in IAMGOLD during the fourth quarter worth about $25,000. Blue Trust Inc. boosted its position in shares of IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after purchasing an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC bought a new position in shares of IAMGOLD in the fourth quarter valued at $56,000. Atria Wealth Solutions Inc. acquired a new position in shares of IAMGOLD in the fourth quarter worth about $68,000. Finally, Choreo LLC purchased a new stake in shares of IAMGOLD in the fourth quarter valued at $88,000. 47.08% of the stock is owned by institutional investors and hedge funds.

IAMGOLD Stock Performance

IAMGOLD stock traded down $0.03 during mid-day trading on Monday, reaching $7.80. The company's stock had a trading volume of 5,783,005 shares, compared to its average volume of 10,042,981. The firm's fifty day moving average price is $6.19 and its two-hundred day moving average price is $5.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD Co. has a 12-month low of $3.44 and a 12-month high of $8.38. The company has a market capitalization of $4.49 billion, a P/E ratio of 5.38 and a beta of 1.52.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 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 analysts' expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. Sell-side analysts predict that IAMGOLD Co. will post 0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on IAG. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Raymond James restated a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. BMO Capital Markets started coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Scotiabank upped their price objective on IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $7.57.

IAMGOLD Company 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.