IAMGOLD Co. (NYSE:IAG) Stock Holdings Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 99.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,899 shares of the mining company's stock after selling 1,511,771 shares during the period. BNP Paribas Financial Markets' holdings in IAMGOLD were worth $51,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after acquiring an additional 5,511 shares during the last quarter. Choreo LLC purchased a new stake in shares of IAMGOLD during the 4th quarter worth about $88,000. Measured Wealth Private Client Group LLC increased its position in shares of IAMGOLD by 54.1% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 68,216 shares of the mining company's stock valued at $352,000 after buying an additional 23,962 shares in the last quarter. Tobam acquired a new stake in IAMGOLD in the 4th quarter valued at $25,000. Finally, Triasima Portfolio Management inc. raised its position in IAMGOLD by 44.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company's stock worth $1,820,000 after acquiring an additional 108,524 shares during the period. Institutional investors own 47.08% of the company's stock.

IAMGOLD Stock Performance

Shares of NYSE IAG traded down $0.19 during trading hours on Friday, reaching $7.50. The stock had a trading volume of 25,487,168 shares, compared to its average volume of 10,854,108. The firm has a 50-day moving average of $6.87 and a 200-day moving average of $6.12. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 5.16 and a beta of 1.15. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $8.38. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BMO Capital Markets began coverage on shares of IAMGOLD in a research note on Wednesday, April 16th. They set an "outperform" rating for the company. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Wall Street Zen cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Scotiabank boosted 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. Finally, Raymond James restated a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.