IAMGOLD Co. (NYSE:IAG) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,699 shares of the mining company's stock after buying an additional 58,287 shares during the period. Cetera Investment Advisers owned approximately 0.05% of IAMGOLD worth $1,567,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its stake in shares of IAMGOLD by 0.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock worth $161,167,000 after acquiring an additional 216,751 shares during the period. RCF Management L.L.C. purchased a new position in shares of IAMGOLD during the 4th quarter valued at approximately $128,174,000. Vanguard Group Inc. increased its holdings in 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 in the last quarter. American Century Companies Inc. raised its position in 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 acquiring an additional 2,092,803 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in IAMGOLD by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,267,628 shares of the mining company's stock valued at $47,818,000 after purchasing an additional 1,637,158 shares in the last quarter. 47.08% of the stock is owned by institutional investors.

IAMGOLD Trading Up 2.5%

IAG traded up $0.17 on Friday, hitting $6.74. The company had a trading volume of 18,591,926 shares, compared to its average volume of 10,485,151. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.87 billion, a P/E ratio of 4.64 and a beta of 1.20. The company's fifty day moving average price is $6.68 and its 200 day moving average price is $6.01. IAMGOLD Co. has a 1 year low of $3.44 and a 1 year high of $8.38.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $457.23 million for the quarter, compared to the consensus estimate of $578.70 million. As a group, equities analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. CIBC lifted their price objective on IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Scotiabank upped 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. BMO Capital Markets began coverage on IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Wall Street Zen cut IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $7.74.

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.