Orion Resource Partners LP Buys Shares of 39,747 IAMGOLD Co. (NYSE:IAG)

Orion Resource Partners LP bought a new position in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 portfolio, making the stock its 15th largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in IAMGOLD by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 36,156 shares of the mining company's stock valued at $187,000 after buying an additional 1,836 shares during the period. CIBC Asset Management Inc increased its position in shares of IAMGOLD by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 700,955 shares of the mining company's stock worth $3,615,000 after acquiring an additional 2,848 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of IAMGOLD by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company's stock valued at $181,000 after acquiring an additional 3,961 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in shares of IAMGOLD by 4.6% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 91,623 shares of the mining company's stock valued at $473,000 after acquiring an additional 4,013 shares in the last quarter. Finally, Freedom Investment Management Inc. boosted its position in IAMGOLD by 4.2% during the 4th quarter. Freedom Investment Management Inc. now owns 108,747 shares of the mining company's stock worth $561,000 after purchasing an additional 4,399 shares during the period. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

IAMGOLD Stock Up 3.1 %

IAG traded up $0.21 during trading on Monday, hitting $6.93. The company had a trading volume of 15,351,247 shares, compared to its average volume of 10,260,725. IAMGOLD Co. has a 1-year low of $3.44 and a 1-year high of $8.38. 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 $3.98 billion, a PE ratio of 4.78 and a beta of 1.52. The business has a 50-day moving average of $6.39 and a 200-day moving average of $5.91.

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). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The company had revenue of $469.90 million for the quarter, compared to the consensus estimate of $498.68 million. As a group, analysts forecast that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank raised their price objective on IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a research report on Monday, April 14th. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. CIBC reissued an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. Finally, Raymond James reaffirmed a "market perform" rating and set a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, IAMGOLD has a consensus rating of "Moderate Buy" and an average target price of $7.57.

IAMGOLD Company 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.