Euro Pacific Asset Management LLC Boosts Holdings in IAMGOLD Co. (NYSE:IAG)

Euro Pacific Asset Management LLC boosted its position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 48.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,727,065 shares of the mining company's stock after acquiring an additional 885,697 shares during the period. IAMGOLD accounts for about 1.5% of Euro Pacific Asset Management LLC's holdings, making the stock its 29th biggest position. Euro Pacific Asset Management LLC owned approximately 0.57% of IAMGOLD worth $6,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IAG. Raymond James Financial Services Advisors Inc. bought a new position in shares of IAMGOLD in the fourth quarter valued at approximately $26,000. Hsbc Holdings PLC bought a new stake in IAMGOLD during the third quarter worth $28,000. Citigroup Inc. bought a new stake in IAMGOLD during the first quarter worth $31,000. Stratos Wealth Partners LTD. bought a new stake in IAMGOLD during the third quarter worth $32,000. Finally, Koshinski Asset Management Inc. bought a new stake in IAMGOLD during the fourth quarter worth $34,000. Institutional investors own 47.08% of the company's stock.

IAMGOLD Price Performance

NYSE:IAG traded down $0.02 during trading hours on Thursday, hitting $3.64. 9,808,537 shares of the company's stock traded hands, compared to its average volume of 8,972,077. The firm has a market cap of $1.81 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.22 and a beta of 1.70. IAMGOLD Co. has a 52 week low of $1.99 and a 52 week high of $3.92. The business's fifty day simple moving average is $3.05 and its two-hundred day simple moving average is $2.64. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $297.60 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. On average, research analysts anticipate that IAMGOLD Co. will post 0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IAG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on IAMGOLD from $4.00 to $4.25 and gave the stock an "outperform" rating in a report on Friday, April 5th. Scotiabank raised their target price on IAMGOLD from $3.25 to $3.75 and gave the stock a "sector perform" rating in a research report on Thursday. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of IAMGOLD in a research report on Monday, April 8th. StockNews.com downgraded IAMGOLD from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, CIBC raised their target price on IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $3.55.

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.