IAMGOLD Co. (NYSE:IAG) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,930,214 shares of the mining company's stock after selling 1,767,735 shares during the quarter. Two Sigma Investments LP owned about 1.91% of IAMGOLD worth $56,400,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. raised its position in IAMGOLD by 0.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock valued at $161,167,000 after purchasing an additional 216,751 shares during the period. RCF Management L.L.C. purchased a new stake in shares of IAMGOLD during the fourth quarter worth about $128,174,000. Vanguard Group Inc. increased its position in shares of IAMGOLD by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock worth $109,741,000 after acquiring an additional 321,458 shares during the last quarter. Millennium Management LLC increased its position in shares of 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. Finally, American Century Companies Inc. increased its position 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 acquiring an additional 2,092,803 shares during the last quarter. 47.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. CIBC lifted their target price on IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a research report on Thursday, May 8th. Scotiabank lifted their target price on IAMGOLD from $7.50 to $7.75 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Raymond James reaffirmed a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a research report on Friday, April 4th. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets started coverage on IAMGOLD in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $7.74.

IAMGOLD Stock Performance

Shares of NYSE IAG traded up $0.17 during midday trading on Friday, hitting $6.74. 18,591,926 shares of the company's stock were exchanged, compared to its average volume of 10,485,151. 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 stock's 50 day moving average price is $6.68 and its 200-day moving average price is $6.01. The firm has a market cap of $3.87 billion, a P/E ratio of 4.64 and a beta of 1.20. IAMGOLD Co. has a twelve month low of $3.44 and a twelve month high of $8.38.

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 for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $457.23 million during the quarter, compared to the consensus estimate of $578.70 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. Equities research analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

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.