Russell Investments Group Ltd. Has $2.91 Million Holdings in IAMGOLD Co. (NYSE:IAG)

Russell Investments Group Ltd. boosted its holdings in IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 153.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 562,937 shares of the mining company's stock after acquiring an additional 340,535 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of IAMGOLD worth $2,906,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IAG. Donald Smith & CO. Inc. increased its stake in shares of IAMGOLD by 0.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock valued at $161,167,000 after acquiring an additional 216,751 shares during the period. RCF Management L.L.C. acquired a new position in shares of IAMGOLD during the 4th quarter valued at $128,174,000. Vanguard Group Inc. raised 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 buying an additional 321,458 shares in the last quarter. American Century Companies Inc. raised its stake 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 buying an additional 2,092,803 shares in the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of IAMGOLD by 54.0% in the fourth quarter. Cibc World Market Inc. now owns 5,119,599 shares of the mining company's stock valued at $26,452,000 after buying an additional 1,795,869 shares during the period. Institutional investors own 47.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Raymond James reiterated a "market perform" rating and issued a $8.00 price target on shares of IAMGOLD in a research report on Friday, April 4th. Scotiabank boosted 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. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. CIBC restated an "outperform" rating on shares of IAMGOLD in a report on Thursday, March 20th. Finally, BMO Capital Markets initiated coverage on IAMGOLD in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Four investment 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.57.

IAMGOLD Stock Down 4.5 %

IAG stock traded down $0.34 during trading hours on Wednesday, hitting $7.30. The company's stock had a trading volume of 4,683,035 shares, compared to its average volume of 13,330,713. The company has a market capitalization of $4.20 billion, a PE ratio of 5.03 and a beta of 1.52. The stock has a 50 day moving average price of $6.24 and a two-hundred day moving average price of $5.78. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. IAMGOLD Co. has a 12 month low of $3.44 and a 12 month high of $8.38.

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