Orion Resource Partners LP Invests $205,000 in IAMGOLD Co. (NYSE:IAG)

Orion Resource Partners LP acquired a new stake in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,747 shares of the mining company's stock, valued at approximately $205,000. IAMGOLD comprises approximately 0.0% of Orion Resource Partners LP's holdings, making the stock its 15th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Donald Smith & CO. Inc. grew its stake in IAMGOLD by 0.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock worth $161,167,000 after purchasing an additional 216,751 shares in the last quarter. RCF Management L.L.C. acquired a new position in IAMGOLD in the fourth quarter worth $128,174,000. Vanguard Group Inc. increased its stake in IAMGOLD by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock valued at $109,741,000 after purchasing an additional 321,458 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of IAMGOLD by 25.9% during the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company's stock worth $52,499,000 after purchasing an additional 2,092,803 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of IAMGOLD by 21.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,267,628 shares of the mining company's stock worth $47,818,000 after buying an additional 1,637,158 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company's stock.

Analysts Set New Price Targets

IAG has been the topic of a number of recent research reports. Scotiabank raised their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Raymond James reaffirmed a "market perform" rating and issued a $8.00 target price on shares of IAMGOLD in a research report on Friday, April 4th. StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Finally, BMO Capital Markets started coverage on IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.57.

IAMGOLD Price Performance

NYSE:IAG traded down $0.26 during mid-day trading on Wednesday, reaching $7.11. 9,848,677 shares of the stock were exchanged, compared to its average volume of 10,315,588. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $6.45 and a 200 day moving average price of $5.93. IAMGOLD Co. has a 1-year low of $3.44 and a 1-year high of $8.38. The firm has a market capitalization of $4.09 billion, a PE ratio of 4.89 and a beta of 1.20.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The company had revenue of $457.23 million for the quarter, compared to analysts' expectations of $578.70 million. Research analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

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.