IAMGOLD Co. (NYSE:IAG) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,520,218 shares of the mining company's stock after acquiring an additional 76,856 shares during the period. Voloridge Investment Management LLC owned about 0.27% of IAMGOLD worth $7,844,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IAG. Tobam bought a new stake in shares of IAMGOLD during the 4th quarter valued at about $25,000. Blue Trust Inc. lifted its position in IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after purchasing an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC bought a new stake in IAMGOLD during the fourth quarter valued at about $56,000. Atria Wealth Solutions Inc. purchased a new stake in IAMGOLD in the fourth quarter worth about $68,000. Finally, Choreo LLC bought a new position in shares of IAMGOLD in the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Trading Down 2.8%

IAG traded down $0.20 on Wednesday, hitting $6.85. The company had a trading volume of 16,248,346 shares, compared to its average volume of 10,567,319. The business's fifty day simple moving average is $6.71 and its 200 day simple moving average is $6.03. 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 12-month low of $3.44 and a 12-month high of $8.38. The company has a market cap of $3.94 billion, a PE ratio of 4.72 and a beta of 1.20.

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

Wall Street Analyst Weigh In

IAG has been the subject of several analyst reports. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Raymond James restated a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. CIBC increased their price target on IAMGOLD from $8.40 to $9.20 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. BMO Capital Markets began coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, Scotiabank boosted their target price 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. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.74.

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.