Two Sigma Advisers LP Sells 417,800 Shares of IAMGOLD Co. (NYSE:IAG)

Two Sigma Advisers LP lessened its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,665,315 shares of the mining company's stock after selling 417,800 shares during the period. Two Sigma Advisers LP owned 1.69% of IAMGOLD worth $49,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in IAMGOLD by 27.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company's stock worth $6,654,000 after acquiring an additional 277,000 shares during the last quarter. Cibc World Market Inc. grew its position in IAMGOLD by 54.0% during the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after acquiring an additional 1,795,869 shares during the last quarter. Triasima Portfolio Management inc. grew its position in IAMGOLD by 44.5% during the 4th 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 last quarter. Atria Wealth Solutions Inc. bought a new stake in IAMGOLD during the 4th quarter worth $68,000. Finally, Franklin Resources Inc. grew its position in IAMGOLD by 5.3% during the 4th quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock worth $187,000 after acquiring an additional 1,836 shares during the last quarter. Institutional investors own 47.08% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IAG shares. Scotiabank boosted 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. BMO Capital Markets initiated coverage on IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, CIBC upped their target price on IAMGOLD from $8.40 to $9.20 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.74.

IAMGOLD Stock Up 2.5%

Shares of IAMGOLD stock 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 stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 4.64 and a beta of 1.20. IAMGOLD Co. has a 1 year low of $3.44 and a 1 year high of $8.38. The stock has a 50 day moving average of $6.68 and a 200-day moving average of $6.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89.

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

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.