Guggenheim Capital LLC Has $2.10 Million Stock Position in IAMGOLD Co. (NYSE:IAG)

Guggenheim Capital LLC cut its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,733 shares of the mining company's stock after selling 72,155 shares during the quarter. Guggenheim Capital LLC owned about 0.07% of IAMGOLD worth $2,099,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IAG. XTX Topco Ltd raised its holdings in shares of IAMGOLD by 23.8% during the 4th quarter. XTX Topco Ltd now owns 146,969 shares of the mining company's stock valued at $758,000 after purchasing an additional 28,229 shares in the last quarter. Mariner LLC raised its holdings in IAMGOLD by 651.0% during the fourth quarter. Mariner LLC now owns 81,691 shares of the mining company's stock valued at $422,000 after buying an additional 70,813 shares in the last quarter. Scotia Capital Inc. raised its holdings in IAMGOLD by 7.4% during the fourth quarter. Scotia Capital Inc. now owns 95,612 shares of the mining company's stock valued at $493,000 after buying an additional 6,595 shares in the last quarter. CenterBook Partners LP lifted its position in shares of IAMGOLD by 75.8% in the fourth quarter. CenterBook Partners LP now owns 19,691 shares of the mining company's stock worth $102,000 after buying an additional 8,491 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of IAMGOLD during the 4th quarter worth about $107,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

IAMGOLD Stock Performance

Shares of NYSE:IAG traded down $0.14 on Friday, hitting $7.06. 4,294,703 shares of the company were exchanged, compared to its average volume of 10,102,377. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The company's 50 day moving average price is $6.27 and its two-hundred day moving average price is $5.81. IAMGOLD Co. has a one year low of $3.44 and a one year high of $8.38. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 4.86 and a beta of 1.52.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The firm had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. Research analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on IAG. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. BMO Capital Markets assumed coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank upped their price target on shares of IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.57.

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.