Iamgold Corporation $IAG Stock Position Lifted by Amundi

Amundi lifted its position in shares of Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG by 55.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,343,801 shares of the mining company's stock after purchasing an additional 1,911,840 shares during the quarter. Amundi owned about 0.93% of Iamgold worth $34,895,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Iamgold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 21,594,479 shares of the mining company's stock worth $134,764,000 after acquiring an additional 361,608 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Iamgold by 19.0% in the first quarter. American Century Companies Inc. now owns 12,092,101 shares of the mining company's stock valued at $75,489,000 after purchasing an additional 1,929,787 shares during the period. Millennium Management LLC boosted its stake in shares of Iamgold by 88.4% in the fourth quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock valued at $53,307,000 after purchasing an additional 4,846,254 shares during the period. Invesco Ltd. boosted its stake in shares of Iamgold by 19.6% in the first quarter. Invesco Ltd. now owns 8,536,289 shares of the mining company's stock valued at $53,352,000 after purchasing an additional 1,396,354 shares during the period. Finally, T. Rowe Price Investment Management Inc. purchased a new position in shares of Iamgold in the first quarter valued at $45,911,000. 47.08% of the stock is owned by institutional investors and hedge funds.

Iamgold Stock Performance

NYSE IAG traded up $0.12 during trading hours on Thursday, hitting $11.03. The company had a trading volume of 10,354,839 shares, compared to its average volume of 13,924,977. Iamgold Corporation has a fifty-two week low of $4.44 and a fifty-two week high of $11.31. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $7.13. The firm has a market cap of $6.34 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.33 and a beta of 1.21.

Iamgold (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Thursday, August 7th. The mining company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Iamgold had a return on equity of 8.54% and a net margin of 40.61%.The company had revenue of $587.21 million during the quarter, compared to analyst estimates of $663.21 million. Equities analysts predict that Iamgold Corporation will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James Financial upgraded shares of Iamgold to a "hold" rating and set a $8.00 target price for the company in a research note on Monday, June 30th. Zacks Research lowered Iamgold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. CIBC reaffirmed an "outperform" rating on shares of Iamgold in a research report on Tuesday, July 15th. National Bankshares reaffirmed an "outperform" rating on shares of Iamgold in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada raised Iamgold from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $9.00 to $14.00 in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $10.13.

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.