Russell Investments Group Ltd. Sells 1,039,259 Shares of IAMGOLD Co. (NYSE:IAG)

Russell Investments Group Ltd. reduced its position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,985,914 shares of the mining company's stock after selling 1,039,259 shares during the quarter. Russell Investments Group Ltd. owned about 0.41% of IAMGOLD worth $5,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IAG. Van ECK Associates Corp lifted its position in shares of IAMGOLD by 4.0% in the 3rd quarter. Van ECK Associates Corp now owns 46,749,294 shares of the mining company's stock worth $100,513,000 after purchasing an additional 1,779,306 shares during the period. Vanguard Group Inc. increased its stake in IAMGOLD by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 17,375,017 shares of the mining company's stock valued at $37,356,000 after purchasing an additional 363,051 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in IAMGOLD during the 4th quarter valued at approximately $10,972,000. Euro Pacific Asset Management LLC increased its stake in IAMGOLD by 48.1% during the 4th quarter. Euro Pacific Asset Management LLC now owns 2,727,065 shares of the mining company's stock valued at $6,898,000 after purchasing an additional 885,697 shares in the last quarter. Finally, Sprott Inc. increased its stake in shares of IAMGOLD by 888.7% in the third quarter. Sprott Inc. now owns 1,279,400 shares of the mining company's stock worth $2,751,000 after acquiring an additional 1,150,000 shares during the period. 47.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IAG. Scotiabank increased their price objective on shares of IAMGOLD from $3.25 to $3.75 and gave the stock a "sector perform" rating in a research note on Thursday, April 18th. CIBC increased their price target on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. BMO Capital Markets increased their price target on shares of IAMGOLD from $4.00 to $4.25 and gave the stock an "outperform" rating in a report on Friday, April 5th. Finally, StockNews.com raised shares of IAMGOLD from a "sell" rating to a "hold" rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, IAMGOLD presently has a consensus rating of "Hold" and an average target price of $3.55.

IAMGOLD Trading Up 11.4 %

IAG stock traded up $0.44 during midday trading on Friday, hitting $4.29. 24,489,219 shares of the company's stock were exchanged, compared to its average volume of 8,880,631. The business has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $2.80. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.13 billion, a PE ratio of 21.95, a P/E/G ratio of 0.64 and a beta of 1.68. IAMGOLD Co. has a 1-year low of $1.99 and a 1-year high of $4.35.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its earnings results on Thursday, May 9th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. The company had revenue of $338.90 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. During the same period last year, the business earned $0.05 EPS. On average, sell-side analysts predict that IAMGOLD Co. will post 0.14 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.