Marshall Wace LLP Has $10.32 Million Holdings in IAMGOLD Co. (NYSE:IAG)

Marshall Wace LLP raised its stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 83.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,999,098 shares of the mining company's stock after purchasing an additional 910,381 shares during the quarter. Marshall Wace LLP owned about 0.35% of IAMGOLD worth $10,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IAG. Allspring Global Investments Holdings LLC grew its position in IAMGOLD by 27.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company's stock valued at $6,654,000 after acquiring an additional 277,000 shares in the last quarter. Cibc World Market Inc. boosted its holdings in IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after purchasing an additional 1,795,869 shares during the last quarter. Triasima Portfolio Management inc. grew its stake in IAMGOLD by 44.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company's stock valued at $1,820,000 after purchasing an additional 108,524 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of IAMGOLD by 66.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company's stock valued at $7,904,000 after purchasing an additional 604,259 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of IAMGOLD during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 47.08% of the company's stock.

Analyst Upgrades and Downgrades

IAG has been the topic of several research analyst reports. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Raymond James reissued a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a report on Friday, April 4th. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. Finally, BMO Capital Markets began coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $7.57.

IAMGOLD Price Performance

Shares of IAMGOLD stock traded down $0.15 on Friday, hitting $7.04. The company had a trading volume of 10,282,192 shares, compared to its average volume of 10,145,362. The business has a 50-day simple moving average of $6.28 and a 200-day simple moving average of $5.84. 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 $4.05 billion, a PE ratio of 4.86 and a beta of 1.52. 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 Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. Research analysts expect that IAMGOLD Co. will post 0.67 EPS 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.