IAMGOLD Co. (NYSE:IAG) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 71.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 428,856 shares of the mining company's stock after selling 1,082,472 shares during the period. JPMorgan Chase & Co. owned 0.08% of IAMGOLD worth $2,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IAG. Tobam acquired a new position in IAMGOLD in the 4th quarter valued at about $25,000. Blue Trust Inc. increased its position in IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after acquiring an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC acquired a new position in IAMGOLD in the 4th quarter valued at about $56,000. Atria Wealth Solutions Inc. acquired a new position in IAMGOLD during the 4th quarter worth approximately $68,000. Finally, Choreo LLC acquired a new position in IAMGOLD during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IAG. BMO Capital Markets began coverage on IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. CIBC reissued an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. StockNews.com lowered IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Scotiabank boosted their price target on IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, Raymond James reaffirmed a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, IAMGOLD currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.57.

IAMGOLD Trading Down 2.2 %

IAG traded down $0.16 during trading on Tuesday, hitting $7.03. The company's stock had a trading volume of 7,726,008 shares, compared to its average volume of 10,174,805. The firm's 50 day moving average price is $6.32 and its 200-day moving average price is $5.87. 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 has a market cap of $4.04 billion, a PE ratio of 4.85 and a beta of 1.52. 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 quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The firm had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. On average, analysts expect that IAMGOLD Co. will post 0.67 earnings per share 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.