240,000 Shares in IAMGOLD Co. (NYSE:IAG) Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co bought a new position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 240,000 shares of the mining company's stock, valued at approximately $1,241,000.

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

IAMGOLD Trading Up 1.2%

IAMGOLD stock traded up $0.08 during trading hours on Friday, reaching $6.86. 15,454,588 shares of the company's stock traded hands, compared to its average volume of 10,609,950. 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 capitalization of $3.94 billion, a price-to-earnings ratio of 4.73 and a beta of 1.20. The firm's 50 day moving average is $6.75 and its 200-day moving average is $6.04. 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 issued its earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $457.23 million for the quarter, compared to analysts' expectations of $578.70 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. On average, analysts predict that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IAG shares. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Wall Street Zen 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. Scotiabank increased their price objective on shares of IAMGOLD from $7.50 to $7.75 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, CIBC boosted their price target on IAMGOLD from $8.40 to $9.20 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $7.74.

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.