Oxford Asset Management LLP Buys New Stake in IAMGOLD Co. (NYSE:IAG)

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

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in IAMGOLD by 27.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,289,000 shares of the mining company's stock worth $6,654,000 after purchasing an additional 277,000 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of IAMGOLD by 54.0% during the 4th quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock worth $26,452,000 after buying an additional 1,795,869 shares during the period. Triasima Portfolio Management inc. raised its stake in shares of IAMGOLD by 44.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 352,315 shares of the mining company's stock worth $1,820,000 after buying an additional 108,524 shares during the period. JPMorgan Chase & Co. raised its stake in shares of IAMGOLD by 66.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,511,328 shares of the mining company's stock worth $7,904,000 after buying an additional 604,259 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of IAMGOLD during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Stock Down 4.2 %

Shares of NYSE:IAG traded down $0.30 during trading hours on Thursday, reaching $6.79. The stock had a trading volume of 10,837,374 shares, compared to its average volume of 10,184,158. IAMGOLD Co. has a 1 year low of $3.44 and a 1 year high of $8.38. The firm's 50 day moving average is $6.35 and its 200-day moving average is $5.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 4.68 and a beta of 1.52.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The firm had revenue of $469.90 million during the quarter, compared to analysts' expectations of $498.68 million. Research analysts predict that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IAG. Raymond James reaffirmed a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a research note on Friday, April 4th. BMO Capital Markets assumed coverage on IAMGOLD in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. CIBC reiterated an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank boosted their target price on shares of IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $7.57.

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.