Toronto Dominion Bank Grows Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Toronto Dominion Bank raised its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 28.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 352,827 shares of the mining company's stock after acquiring an additional 78,450 shares during the period. Toronto Dominion Bank owned approximately 0.06% of IAMGOLD worth $1,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RCF Management L.L.C. acquired a new position in IAMGOLD during the fourth quarter worth about $128,174,000. Millennium Management LLC raised its position in IAMGOLD by 88.4% during the fourth quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock worth $53,307,000 after acquiring an additional 4,846,254 shares during the last quarter. Invesco Ltd. raised its position in IAMGOLD by 41.6% during the fourth quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company's stock worth $36,842,000 after acquiring an additional 2,098,215 shares during the last quarter. American Century Companies Inc. grew its holdings 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 buying an additional 2,092,803 shares in the last quarter. Finally, Cibc World Market Inc. grew 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 worth $26,452,000 after buying an additional 1,795,869 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

IAMGOLD Trading Down 0.2%

IAG stock traded down $0.02 on Thursday, hitting $6.83. 6,666,444 shares of the company were exchanged, compared to its average volume of 10,560,838. IAMGOLD Co. has a twelve month low of $3.44 and a twelve month high of $8.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The business's fifty day moving average is $6.73 and its two-hundred day moving average is $6.03. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 4.71 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

IAG has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Scotiabank lifted their price target on shares of IAMGOLD from $7.50 to $7.75 and gave the stock a "sector perform" rating in a report on Monday, May 12th. BMO Capital Markets initiated coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating for the company. CIBC lifted their price target on shares of IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Finally, Raymond James reaffirmed a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $7.74.

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.