IAMGOLD Co. (NYSE:IAG) is Mudita Advisors LLP's 9th Largest Position

Mudita Advisors LLP grew its position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 83.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,474,605 shares of the mining company's stock after buying an additional 671,405 shares during the quarter. IAMGOLD accounts for approximately 4.3% of Mudita Advisors LLP's investment portfolio, making the stock its 9th biggest holding. Mudita Advisors LLP owned 0.26% of IAMGOLD worth $7,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IAG. RCF Management L.L.C. purchased a new stake in shares of IAMGOLD during the fourth quarter worth $128,174,000. Millennium Management LLC raised its holdings in shares of IAMGOLD by 88.4% in the 4th quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock valued at $53,307,000 after acquiring an additional 4,846,254 shares in the last quarter. Invesco Ltd. boosted its position in shares of IAMGOLD by 41.6% during the 4th quarter. Invesco Ltd. now owns 7,139,935 shares of the mining company's stock valued at $36,842,000 after acquiring an additional 2,098,215 shares during the last quarter. American Century Companies Inc. grew its holdings 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 purchasing an additional 2,092,803 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in shares of IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after purchasing an additional 1,795,869 shares during the last quarter. Institutional investors own 47.08% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on IAMGOLD in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. CIBC upped their price target on shares of IAMGOLD from $8.40 to $9.20 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank upped their price target on shares of IAMGOLD from $7.50 to $7.75 and gave the company a "sector perform" rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.74.

IAMGOLD Trading Up 0.7%

IAG stock traded up $0.05 during trading on Friday, reaching $6.31. The company had a trading volume of 13,235,368 shares, compared to its average volume of 10,463,599. The business has a 50 day moving average of $6.60 and a 200 day moving average of $5.96. 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 company has a market cap of $3.63 billion, a P/E ratio of 4.35 and a beta of 1.20. 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 issued its quarterly earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The company had revenue of $457.23 million during the quarter, compared to analyst estimates of $578.70 million. As a group, sell-side analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal 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.