Mariner LLC Buys 70,813 Shares of IAMGOLD Co. (NYSE:IAG)

Mariner LLC raised its stake in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 651.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,691 shares of the mining company's stock after buying an additional 70,813 shares during the period. Mariner LLC's holdings in IAMGOLD were worth $422,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Tobam purchased a new stake in shares of IAMGOLD during the 4th quarter valued at about $25,000. Blue Trust Inc. raised its position in IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after acquiring an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC purchased a new position in shares of IAMGOLD during the 4th quarter worth $56,000. Atria Wealth Solutions Inc. bought a new stake in shares of IAMGOLD during the 4th quarter valued at $68,000. Finally, Choreo LLC purchased a new stake in shares of IAMGOLD in the 4th quarter worth $88,000. Institutional investors own 47.08% of the company's stock.

Analyst Ratings Changes

IAG has been the subject of several recent research reports. CIBC reissued an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. BMO Capital Markets started coverage on shares of IAMGOLD in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Raymond James reaffirmed a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Scotiabank increased their price objective on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.57.

IAMGOLD Trading Down 0.1 %

NYSE IAG traded down $0.01 during trading hours on Thursday, hitting $6.94. 1,821,120 shares of the company were exchanged, compared to its average volume of 13,356,185. The stock has a market cap of $3.99 billion, a PE ratio of 4.79 and a beta of 1.20. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $6.48 and a 200 day moving average price of $5.94. IAMGOLD Co. has a 52 week low of $3.44 and a 52 week high of $8.38.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The company 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%. Analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal 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.