ExodusPoint Capital Management LP Has $304,000 Stock Holdings in IAMGOLD Co. (NYSE:IAG)

ExodusPoint Capital Management LP lowered its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 82.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,900 shares of the mining company's stock after selling 277,021 shares during the quarter. ExodusPoint Capital Management LP's holdings in IAMGOLD were worth $304,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. RCF Management L.L.C. acquired a new stake in IAMGOLD during the fourth quarter valued at approximately $128,174,000. Vanguard Group Inc. grew its holdings in shares of IAMGOLD by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock worth $109,741,000 after acquiring an additional 321,458 shares during the last quarter. American Century Companies Inc. raised its position 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 period. Cibc World Market Inc. lifted its holdings in shares of IAMGOLD by 54.0% during the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after purchasing an additional 1,795,869 shares during the last quarter. Finally, Intact Investment Management Inc. increased its stake in IAMGOLD by 158.4% in the 4th quarter. Intact Investment Management Inc. now owns 2,733,450 shares of the mining company's stock worth $14,127,000 after purchasing an additional 1,675,440 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Raymond James reissued a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a research report on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets started coverage on IAMGOLD in a research report on Wednesday. They issued an "outperform" rating for the company. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $7.57.

IAMGOLD Stock Performance

Shares of IAMGOLD stock traded down $0.28 during trading on Friday, reaching $7.82. The company's stock had a trading volume of 18,092,273 shares, compared to its average volume of 10,050,579. IAMGOLD Co. has a one year low of $3.44 and a one year high of $8.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 5.39 and a beta of 1.52. The business's fifty day moving average price is $6.19 and its 200-day moving average price is $5.74.

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

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.