Mackenzie Financial Corp Raises Stock Holdings in IAMGOLD Co. (NYSE:IAG)

Mackenzie Financial Corp grew its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,123,756 shares of the mining company's stock after acquiring an additional 338,297 shares during the period. Mackenzie Financial Corp owned about 0.90% of IAMGOLD worth $26,456,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Tobam purchased a new stake in IAMGOLD in the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in shares of IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after buying an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC purchased a new stake in shares of IAMGOLD in the 4th quarter valued at $56,000. Atria Wealth Solutions Inc. acquired a new position in IAMGOLD during the 4th quarter worth about $68,000. Finally, Choreo LLC purchased a new position in IAMGOLD during the 4th quarter valued at about $88,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

IAMGOLD Stock Down 0.1%

IAMGOLD stock traded down $0.01 during trading on Friday, reaching $6.78. The stock had a trading volume of 11,408,232 shares, compared to its average volume of 10,601,990. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. IAMGOLD Co. has a 52-week low of $3.44 and a 52-week high of $8.38. The stock has a market cap of $3.90 billion, a PE ratio of 4.67 and a beta of 1.20. The business has a 50 day moving average price of $6.75 and a 200 day moving average price of $6.04.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The business 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%. On average, analysts predict that IAMGOLD Co. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on IAG shares. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James reiterated a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a report on Friday, April 4th. BMO Capital Markets initiated coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Scotiabank upped their price objective on IAMGOLD from $7.50 to $7.75 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Wall Street Zen cut IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Four equities 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.