IAMGOLD Co. (NYSE:IAG) Stock Holdings Trimmed by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lessened its position in shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,533 shares of the mining company’s stock after selling 2,800 shares during the period. Beacon Pointe Advisors LLC’s holdings in IAMGOLD were worth $178,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. raised its position in shares of IAMGOLD by 0.7% during the 4th 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 in the last quarter. RCF Management L.L.C. acquired a new stake in shares of IAMGOLD during the fourth quarter worth $128,174,000. Vanguard Group Inc. lifted its position 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 during the last quarter. American Century Companies Inc. boosted 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 valued at $52,499,000 after buying an additional 2,092,803 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of IAMGOLD by 21.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,267,628 shares of the mining company’s stock valued at $47,818,000 after buying an additional 1,637,158 shares during the last quarter. Institutional investors own 47.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IAG. CIBC reissued an “outperform” rating on shares of IAMGOLD in a report on Thursday, March 20th. Scotiabank boosted 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. 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 lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.57.

IAMGOLD Trading Up 3.1 %

Shares of IAG stock opened at $6.93 on Tuesday. The stock has a 50-day simple moving average of $6.41 and a 200 day simple moving average of $5.92. The stock has a market capitalization of $3.98 billion, a P/E ratio of 4.78 and a beta of 1.20. IAMGOLD Co. has a fifty-two week low of $3.44 and a fifty-two week high of $8.38. 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 (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The business had revenue of $469.90 million for the quarter, compared to the consensus estimate of $498.68 million. On average, sell-side analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current fiscal year.

IAMGOLD 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.