43,816 Shares in Iamgold Corporation $IAG Purchased by Fox Run Management L.L.C.

Key Points

• Fox Run Management purchased a new stake in Iamgold Corporation, acquiring 43,816 shares valued at approximately $274,000 during the first quarter.
• Iamgold reported a quarterly EPS of $0.13, missing the consensus estimate of $0.14, alongside revenue results of $587.21 million compared to expectations of $663.21 million.
• Research analysts currently rate Iamgold with a consensus of "Moderate Buy" and an average target price of $8.53, reflecting varying levels of confidence among investors.

Fox Run Management L.L.C. purchased a new stake in shares of Iamgold Corporation (NYSE:IAG - Free Report) TSE: IMG in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 43,816 shares of the mining company's stock, valued at approximately $274,000.

Several other institutional investors also recently modified their holdings of IAG. Alpha Omega Wealth Management LLC purchased a new stake in Iamgold in the first quarter valued at approximately $75,000. Avantax Advisory Services Inc. purchased a new stake in shares of Iamgold during the 1st quarter valued at $86,000. Ritholtz Wealth Management bought a new stake in shares of Iamgold during the 1st quarter worth $94,000. Tudor Investment Corp ET AL raised its position in Iamgold by 63.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 18,986 shares of the mining company's stock valued at $98,000 after purchasing an additional 7,359 shares in the last quarter. Finally, Golden State Equity Partners bought a new stake in Iamgold during the first quarter worth about $125,000. 47.08% of the stock is currently owned by institutional investors.

Iamgold Trading Up 0.8%

IAG traded up $0.07 during midday trading on Monday, reaching $8.84. 6,137,179 shares of the company's stock traded hands, compared to its average volume of 12,893,680. Iamgold Corporation has a 52 week low of $4.44 and a 52 week high of $8.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.76. The firm has a fifty day moving average of $7.44 and a two-hundred day moving average of $6.87. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.29 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IAG. Raymond James Financial upgraded Iamgold to a "hold" rating and set a $8.00 price objective on the stock in a research report on Monday, June 30th. National Bankshares reiterated an "outperform" rating on shares of Iamgold in a research report on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of Iamgold in a report on Tuesday, July 15th. Zacks Research cut shares of Iamgold from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Scotiabank increased their target price on shares of Iamgold from $7.50 to $7.75 and gave the company a "sector perform" rating in a report on Monday, May 12th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $8.53.

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.