Oxford Asset Management LLP Purchases New Holdings in IAMGOLD Co. (NYSE:IAG)

Oxford Asset Management LLP purchased a new position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 99,534 shares of the mining company's stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its stake in shares of IAMGOLD by 0.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock worth $161,167,000 after acquiring an additional 216,751 shares during the period. RCF Management L.L.C. acquired a new stake in IAMGOLD in the 4th quarter valued at about $128,174,000. Vanguard Group Inc. grew its stake in shares of IAMGOLD by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company's stock worth $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% in the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in IAMGOLD by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,267,628 shares of the mining company's stock valued at $47,818,000 after purchasing an additional 1,637,158 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

IAMGOLD Stock Performance

IAG stock traded down $0.09 during midday trading on Friday, hitting $6.71. The stock had a trading volume of 7,981,293 shares, compared to its average volume of 10,186,633. IAMGOLD Co. has a 52 week low of $3.44 and a 52 week high of $8.38. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 4.63 and a beta of 1.52. 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 stock has a 50-day simple moving average of $6.37 and a 200 day simple moving average of $5.89.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its 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). The company had revenue of $469.90 million for the quarter, compared to the consensus estimate of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. As a group, equities research analysts anticipate that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IAG. Scotiabank lifted their target price on IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Raymond James reissued 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 cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets assumed coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.