Polunin Capital Partners Ltd Has $20.31 Million Stock Position in IAMGOLD Co. (NYSE:IAG)

Polunin Capital Partners Ltd reduced its holdings in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,026,955 shares of the mining company's stock after selling 2,219,702 shares during the quarter. IAMGOLD accounts for about 3.8% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 12th largest holding. Polunin Capital Partners Ltd owned about 1.67% of IAMGOLD worth $20,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. purchased a new position in shares of IAMGOLD during the 1st quarter valued at approximately $31,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of IAMGOLD during the 4th quarter valued at approximately $26,000. First Trust Advisors LP acquired a new stake in shares of IAMGOLD during the 1st quarter valued at approximately $40,000. Private Advisor Group LLC acquired a new stake in shares of IAMGOLD during the 1st quarter valued at approximately $41,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of IAMGOLD during the 3rd quarter valued at approximately $28,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

IAMGOLD Stock Performance

NYSE IAG traded up $0.12 during trading hours on Friday, hitting $3.72. The company had a trading volume of 15,868,334 shares, compared to its average volume of 8,301,606. IAMGOLD Co. has a fifty-two week low of $1.99 and a fifty-two week high of $3.80. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $2.56. The firm has a market cap of $1.84 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.27 and a beta of 1.70.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. The firm had revenue of $297.60 million for the quarter. Equities analysts predict that IAMGOLD Co. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com lowered IAMGOLD from a "hold" rating to a "sell" rating in a research report on Monday, February 19th. CIBC upped their price target on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a research report on Wednesday, February 7th. BMO Capital Markets upped their price target on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a research report on Friday. Finally, National Bank Financial reissued a "sector perform spec overwgt" rating on shares of IAMGOLD in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $3.52.

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.